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Added on the 27/07/2016 18:34:43 - 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.
Forbes just released it's annual list of highest paid models and despite supermodels topping the list, it seems the Instagram generation is catching up.
Every year Forbes magazine rounds up the highest paid celebrities of that year, and this week's Cash in Wednesday highlights three stand out earners!
Brooklyn Beckham is only 17, but he's already driving around town in a 37.000 pound Mercedes Benz. So how does he plan on paying for it?
Cash-in Wednesday focuses on three television shows that were the most expensive to make, and the number one might come as a big surprise.
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