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Added on the 12/02/2016 18:21:10 - Copyright : Zoomin EN
The IRS estimates that nearly 90% of US taxpayers take the standard deduction instead of itemizing. Under the new tax code, not itemizing made it virtually impossible to claim a tax deduction for contributions to charitable organizations. But according to Business Insider, the pandemic relief CARES Act has a provision incentivizing Americans to help others in need. It's an above-the-line charitable tax deduction. Beginning with 2020 tax returns, taxpayers can claim up to $300 in cash contributions made by December 31 to charity as a deduction without itemizing. The IRS says roughly 130 million American taxpayers could benefit by donating, as it reduces their taxable income.
Japanese intelligence sources say North Korean leader Kim Jong Un has received a COVID-19 vaccination from the Chinese government. According to Business Insider, the obese 36-year-old dictator is a heavy smoker. That's fueled speculation that he would experience complications if he were to contract COVID-19. North Korea's propaganda outlets have been quiet about infection rates in the pariah state. While its capital, Pyongyang, reports suspected cases, it has yet to confirm positive cases. It blames a lone defector from South Korea for bringing in the virus.
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