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cares act

Expanded tax benefits help individuals and businesses give to charity during 2020

3 mins read

The FINANCIAL --  The Internal Revenue Service explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. As IRS notes, The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes four temporary tax changes that are designed to help people and businesses who give to charity this year. Here is a rundown of these key changes.…

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Expanded tax benefits help individuals and businesses give to charity during 2020

3 mins read

The FINANCIAL --  The Internal Revenue Service explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. As IRS notes, The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes four temporary tax changes that are designed to help people and businesses who…

US GDP plunged nearly 35% as over 50 M Americans filed unemployment

2 mins read

The FINANCIAL — Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. Department of Labor released the data which shows that another 1.4M Americans filed unemployment…