With just over three weeks left in the year, you can still make an impact on your 2020 taxes. The CARES Act passed earlier this year allows for some one-time tax deductions you may not be aware of. Check the link below for more information.
Here’s what I’ve been reading this morning:
‘A Useful 2020 Tax Deduction’ – Mullooly Asset Show
- The CARES Act created a one-time “above the line” tax deduction for 2020 that EVERYBODY can take if they make a charitable gift. Tom explains the details in Ep. 222 of the show!
‘The Biggest S&P 500 Addition Ever’ – Michael Batnick – The Irrelevant Investor
- Towards the end of the month, Tesla will be joining the S&P 500. Considering the size of the company, this is big news. Michael breaks down the addition and if it’s something investors should get worked up over.
‘Preparing for a New World’ – David Snowball – Mutual Fund Observer
- 2020 has seen a shift in a lot of trends, and the market has witnessed a few as well. This article looks at some developing trends in the market and what it means for the investing world moving forward.
‘Don’t Get Caught Up in the Hype as Bitcoin Hovers Around $19,000’ – Carmen Reinicke – CNBC
- Bitcoin is once again bumping up on new all-time highs. This article looks at the hype surrounding the cryptocurrency, and warns against buying into it. We’ve seen this story before in 2017, and it seems to be happening again.
ENJOY!
