SDI Productions | E+ | Getty Images This year, the IRS is willing to let you write off all your adjusted gross income if you give it to charity in the form of cash. But just because you’re allowed to do it doesn’t mean it’s a good call. When the CARES Act went into effect
Month: December 2020
For close to a decade, the Honeycutts lived in the brick house with white shudders on Patterson Street in China Grove, North Carolina. Vicki Honeycutt and her husband, James, a disabled Gulf War veteran, loved to sit out on the front porch, drinking Pepsis or sweet tea. Vicki’s favorite space in the three-bedroom house was
Houston, Texas has some of the highest effective property tax rates in the country. Image by David Mark from Pixabay The pandemic has allowed more people to work from home and surveys show that many want to make their remote worker status permanent. That gives the opportunity for some folks living in higher tax states
The Los Feliz mansion of pop conductor Michael Feinstein was once listed for as much as $26 million. Hilton & Hyland The Cold War is finally over for music revivalist Michael Feinstein. The Grammy-nominated singer and pop conductor this week sold his longtime home in the Los Feliz neighborhood of Los Angeles for a little
The co-founder and CEO of charity Tusk has told CNBC that the shutdown of the tourism industry in Africa due to the Covid-19 pandemic has caused an economic crisis which is impacting conservation in the region. Charles Mayhew, who is based in the U.K., co-founded the charity in 1990, with a mission to “amplify the
Nikolay Storonsky, chief executive of Revolut, on stage at the MoneyConf fintech event in Lisbon, Portugal. Seb Daly | Web Summit | Getty Images LONDON — Digital banking start-up Revolut on Friday launched tools for its business clients to accept payments online, looking to compete with payment giants such as Stripe and Adyen. Revolut said
Although negotiations surrounding a new coronavirus relief bill have resumed between Democrats and Republicans, it is still unclear whether new legislation will pass before the new year. Over nine months have passed since President Donald Trump signed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security, or CARES, Act. Since, Congress has remained at an
Halfpoint Images | Moment | Getty Images Millions of people who were eligible for $1,200 stimulus checks still may not have received their money. Now, the Government Accountability Office and a few Democratic members of Congress are calling for the IRS and Treasury Department to step up their efforts to get the relief to those
NETHERLANDS, Rotterdam: Dutch party leaders Paul Tang (PvdA), Hans van Baalen (VVD), Dennis de Jong … [+] (SP), Esther de Lange (CDA) , Sophie In ‘t Veld (D66) and Marcel de Graaff (PVV) attend a debate at the Erasmus University in Rotterdam on May 19, 2014 in preparation for the upcoming European elections. (Photo by
Luxury abounds at this exquisite waterfront property in the Bahamas. Christie’s International Real Estate The pandemic has triggered a sharp increase in interest from urban dwellers seeking a quieter, slower lifestyle in other communities, states and even out of the country. But escaping to the suburbs or countryside is not enough for some people. A
Term life insurance offers a death benefit if death occurs during the fixed period covered by the contract, when premiums have been paid and the policy remains in force. When not viewing life insurance within the framework of retirement income planning, term life insurance offers the lowest premiums to support the human capital replacement needs
The stock market’s next move hinges on the state of coronavirus stimulus talks in Washington, CNBC’s Jim Cramer said Friday. “If the Democrats and Republicans in Congress can make a stimulus deal over the weekend, this market can indeed keep running,” the “Mad Money” host said. “Without some progress in Washington, though, next week could
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — The retail stock sank 9% after the company declined to give guidance as part of its third-quarter earnings report. Big Lots beat analyst expectations on
Steve Wozniak is starting a second company, 45 years after he co-founded Apple in Steve Jobs’ parents garage in 1976. This time, Wozniak is starting a business in the green tech and blockchain space called Efforce, according to a statement released Friday. Efforce, which has been in stealth mode for almost a year, is a
Traders work on the floor of the NYSE in New York. NYSE Options trading is the new sports betting. Talk about unintended consequences. The stay-at-home requirement created by Covid-19 has spawned a huge sub-industry in options trading in tandem with an increase in equities trading that shows no signs of letting up. Trading in equity
US Secretary of Education Betsy DeVos attends the “Getting America’s Children Safely Back to School” event in the State Room of the white House in Washington, DC, on August 12, 2020. NICHOLAS KAMM/AFP via Getty Images U.S. Department of Education Secretary Betsy DeVos announced on Friday that the payment pause and interest waiver for student
getty As more and more states legalize marijuana, pressure has been growing for Congress to take some action. This week, the House passed legislation that would end the federal ban on marijuana. The Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) garnered support from both sides of the aisle, passing with a 228-164 vote in
Christelle Rohaut, cofounder and CEO of Codi. Codi It is, at first blush, a tough pitch: amid a global pandemic, a startup wants you to turn your home into a coworking space for strangers. But that’s what Codi aims to do. “Data has shown that 80% of people don’t want to go back to an
CHICAGO – JANUARY 15: A woman reads a Food 4 Less sales flyer as she stands in the check-out line at … [+] the new Food 4 Less (Photo by Tim Boyle/Getty Images) Getty Images The Federal Reserve found in 2019, 37 percent of adults saying they could not cover a hypothetical expense of $400
A McDonald’s Happy Meal. Emile Wamsteker | Bloomberg | Getty Images McDonald’s reportedly plans to pass along more fees to franchisees next year, risking the wrath of its U.S. operators. Starting in January, the fast-food chain will stop paying out a $300 subsidy per month at each restaurant for the toys in Happy Meals, according
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