Cecilie Arcurs | Getty Images A growing number of states are offering pass-through business owners a workaround for the $10,000 federal deduction limit for state and local taxes, known as SALT. A controversial part of Republicans’ 2017 tax overhaul, the SALT write-off cap is costly for filers who itemize deductions and can’t claim more than
Month: July 2021
This 11th century chateau in Thuir, France, wears the scars of battle well. Attacked many times, the fort-like property still has cannonballs embedded in the walls. Set on the site of ongoing turf wars in the Pyrénées-Orientales, also known as Northern Catalonia, the once simple stone keep was fortified over the centuries. During World War
At some point, enough is enough. You enjoy your business, but making money simply doesn’t have the same appeal as it once did. You have enough. But you love your business so much you aren’t ready to give it up. So, you begin to consider strategies to use those continuing earnings in a way that
Vials of Johnson & Johnson’s Janssen coronavirus disease (COVID-19) vaccine. Johnson & Johnson via Reuters There have been 100 reported cases of a rare, but serious, neurological disorder following Johnson & Johnson Covid-19 vaccination, but preliminary data suggests the benefits of the shots still outweigh the risks, the Centers for Disease Control and Prevention said
In this article DPZ Employees garnish pizza inside a Domino’s Pizza location. Jason Alden | Bloomberg | Getty Images Domino’s Pizza on Thursday reported that its U.S. same-store sales climbed 3.5% in its latest quarter, despite tough comparisons to its skyrocketing sales during lockdowns last year. Shares of the company rose more than 11% in
In this article UNP AAL U.S. stock index futures were flat in overnight trading on Wednesday, after the major averages advanced during regular trading to turn positive for the week. Futures contracts tied to the Dow Jones Industrial Average gained 27 points. S&P 500 futures and Nasdaq 100 futures were marginally higher. During the session
Elon Musk is “pro nuclear.” So said Musk on Wednesday while talking about making bitcoin mining sustainable at at The B-Word conference hosted by the Crypto Council for Innovation. Nuclear energy is considered “clean energy” because generating nuclear energy does not release greenhouse gasses. But due to some high-profile accidents, legacy nuclear power plants can have
Mark “Forger” Stucky, after piloting the company’s first successful spaceflight on December 13, 2018. Virgin Galactic Mark “Forger” Stucky, Virgin Galactic‘s flight test director and pilot, is no longer with the space tourism company. “I am now a former Director of Flight Test and former SpaceShipTwo pilot,” Stucky wrote in a post on LinkedIn. He
Today’s column addresses questions about when Social Security spousal benefits can be available, a reason there might be years with no income on a person’s Social Security earnings record and how much benefits are reduced for filing early. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Soaring home prices are making many homeowners wealthier and wealthier. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. That represents an average gain of $33,400 in just that one year period. Altogether, the amount of available,
n what many continue to term post-pandemic times, a commonly-asked question is whether the suburban housing boom will continue or downtown city living will make a vibrant comeback. With apologies to those who love the decisive ability to come down on one side or the other, it may be possible both outcomes will be realized.
A healthcare worker wearing personal protective equipment attends to a Covid-19 patient with an oxygen mask in a wheelchair outside Bekasi Public Hospital. Wisnu Agung Prasetyo | SOPA Images | LightRocket | Getty Images Indonesia reported the highest number of new coronavirus infections in the world for the week that ended on July 18, according
In this article NFLX Co-CEO of Netflix Reed Hastings (R) and CEO of Nubank David Velez walk together at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Netflix is set to report second-quarter earnings after the bell on Tuesday. Here are the key
The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — British digital bank Starling reported a sevenfold increase in revenue in the 16 months ending March 2021 as its lending soared, helping to cut losses in half. Losses after tax totaled £23.3 million ($32 million) in the period,
Are you maxing out your employer’s retirement plan contributions? Did you know you might be able to put additional money into your plan after-tax? (The 2021 annual IRS limit for the total of all annual contributions is the lesser of 100% of your compensation or $58k plus $6,500 if you’re age 50 or older.) If
A rally to prevent Massachusetts evictions in front of Boston Housing Court on Oct. 15, 2020. MediaNews Group/Boston Herald via Getty Images | MediaNews Group | Getty Images Biden administration officials urged states and cities on Wednesday to move quickly to get federal assistance out to the millions of households that are behind on rent
Dave Panozzo is the co-founding owner of The Panozzo Team-HomeSmart, a real estate team in Phoenix, Arizona. As a real estate agent diving back into the post-pandemic era of socialization, are you finding it hard to transition back to in-person meetings and talking directly with clients? Last year, in response to Covid-19 lockdown orders, so many
If you’re used to getting one refund check from the U.S. Treasury after you file your individual tax return with the Internal Revenue Service, you might be surprised this year to keep getting checks—or direct deposit payments. What’s going on? The IRS is still sending out third round stimulus payments, plus-up stimulus payments for those
In this article FB CMG Chipotle shares managed to pop double digits Wednesday because of the restaurant chain’s culture, CNBC’s Jim Cramer said. “This company has an extraordinary culture of customer-centric innovation, and that culture has been turbocharged since they hired Brian Nicoll as CEO when Chipotle’s stock was languishing the $200s after a series
In this article KO A shopper scans a case of Coca-Cola Co. soft drinks at a store in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021. George Frey | Bloomberg | Getty Images Coca-Cola is expected to report its second-quarter results before the bell on Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are
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