“As we face three national crises — a pandemic, recession, and the wounds of structural racism — Americans have responded with a tremendous spirit of generosity,” Coons said. “People of all means are trying to help by giving what they can to help our nation heal and recover, but there’s a divide among Americans who give." … [Read more...] about Senators offer bill to expand charitable giving tax break
Tax deduction for business expenses
For next year, remember to prepare OK, so this year you waited too long and stressed yourself out. If you don't want a repeat ordeal next year, now is also the time to mend your ways and start tax prep early. Nobody wants to be thinking about taxes all year, of course. But as a homeowner, you can do some things to be better prepared. … [Read more...] about Don’t Panic! 3 Money-Saving, Last-Minute Tax Tips for Homeowners
You can also use retirement fund contributions to lower your taxes significantly. Annual contribution limits to IRAs are $6,000 with an extra $1,000 in "catch-up" contributions if you are over age 50. You can make contributions until the tax-filing deadline for that year, so contributions for the 2019 tax year may be made until July 15, 2020. (Make sure that your contribution is designated for the 2019 tax year, not 2020.) … [Read more...] about It’s STILL Not Too Late To Lower Your Tax Bill
Once inside, they took all the restaurant’s wine, electronics, an empty cash register and some chef’s knives; threw plates; and lit a pool of lighter fluid on fire on the floor. Next door at Osteria Mozza, looters took a third of the liquor from the bar and some high-end champagne, according to Kate Greenberg, director of operations for the restaurant group. … [Read more...] about Is looting covered by insurance? Depends on the business
“It is absolutely clear from every poll I’ve done that people really want to tax the wealthy,” he said. “People are livid about the gross disparity in wealth. They are getting unemployment, or still waiting to get unemployment, and wondering how they are going to pay their rent. And then they see that Jeff Bezos made $5 billion during the pandemic.” The Amazon CEO’s net worth has actually increased by more than $50 billion since the shelter-in-place orders went into effect. … [Read more...] about SF is piling tax hikes on the ballot. Will voters embrace them in a recession?