Taxpayers are allowed to put up to $6,000 in their IRAs during the 2019 tax year. (Those 50 and older can save up to $7,000.) Those contributions are tax deductible, or partially deductible depending on your income and whether your spouse is covered by a workplace retirement account. … [Read more...] about Taxes are due July 15. Here’s what you need to know
Tax deduction business expenses
The justices ruled in a 7-2 decision that the Manhattan district attorney can gain access to eight years of Trump’s financial documents, including his personal and corporate tax returns. But in another 7-2 ruling, the justices tossed questions about subpoenas issued for similar records by three House committees to lower courts. Chief Justice John Roberts wrote both majority opinions and the dissenters in both rulings were Justices Clarence ThomasClarence ThomasOVERNIGHT ENERGY: WH pushed for 'correction' to Weather Service tweet contradicting Trump in 'Sharpiegate' incident, watchdog says | Supreme Court rules that large swath of Oklahoma belongs to Native American tribe Clarence Thomas's wife criticized her town's 'Black Lives Matter' banner: report The Hill's 12:30 Report - Presented by Facebook - Trump wins by losing in the Supreme Court MORE and Samuel AlitoSamuel AlitoOVERNIGHT ENERGY: WH pushed for 'correction' to Weather Service tweet contradicting Trump in 'Sharpiegate' … [Read more...] about The Hill’s Morning Report – Presented by Facebook – Justices rule Manhattan prosecutor, but not Congress, can have Trump tax records
"I disagree with @CDCgov on their very tough & expensive guidelines for opening schools. While they want them open, they are asking schools to do very impractical things. I will be meeting with them!!!" Trump said. Centers for Disease Control and Prevention (CDC) Director Robert Redfield later said that his agency would be putting out additional guidance for schools when reopening, although he did not make exactly clear what that would entail. … [Read more...] about Trump threatens tax-exempt status, funding for universities and schools over ‘radical left indoctrination’
He understands that when his taxes are unraveled before a New York grand jury and the inner workings of his multifarious business schemes are brought into the light of day, the picture won’t be of a successful multibillionaire mogul turned president but one of that clown, living on credit, a third-rate real-estate developer with a first-rate talent for fleecing banks and vendors. … [Read more...] about Trump’s No Billionaire. He’s a Bullshit Artist. And Soon, We’ll Have the Taxes To Prove It.
This week, finance minister Rishi Sunak unveiled another £30 billion ($37.8 billion) coronavirus stimulus package aimed at stemming a growing jobs crisis. The Institute for Fiscal Studies, an economic think tank, predicted that the latest measures would likely push this year's deficit further north of £300 billion ($378 billion), which it said would be "easily" the highest as a share of national income since World War II. … [Read more...] about Could the United Kingdom become an emerging market?