Getty According to the most recent data available from the Internal Revenue Service (IRS), just 12,177,779 taxpayers claimed the charitable donation deduction for the 2018 tax year, totaling $102.7 billion. That compares to 33,629,985 taxpayers who claimed the charitable donation deduction for the 2017 tax year, totaling $160 billion. That’s a difference of 21,452,206 taxpayers
Taxes
The Texas State Capitol building, center, stands in downtown Austin, Texas. Apple Inc. announced in Dec. 2018 it’s opening new offices in Austin, investing $1 billion and bringing as many as 15,000 jobs to a city that was already the fastest growing in the nation for three years running. Photographer: Callaghan O’Hare/Bloomberg © 2018 Bloomberg
The drums sound as to income and wealth inequality as an issue for the 2020 Democratic Presidential primaries. The loudest voices calling for increasing taxes on owners, investors and entrepreneurs – with a view that raising taxes on high-end income families is a good in of itself. All this jawing on hiking taxes on owners/investors/entrepreneurs
Shutterstock Many securities traders incur significant tax bills on phantom income caused by “wash sale losses disallowed” on form 1099-Bs. Traders are often surprised because most brokers don’t report wash sale (WS) loss calculations during the year. In this blog post, learn how to deal with WS loss adjustments and how to avoid them in
Today, Forbes is publishing its 2019 edition of Great Places To Follow Your Passions In Retirement. It’s a list of 25 locales across 21 states and all four continental time zones that are appealing spots to pursue one or more of seven retirement interests: arts, fine dining, lifelong learning, volunteering, outdoor activities on water, outdoor