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Earlier this summer, I read an interesting article in Parade magazine called, “Secrets to Living to 100.” I was struck by the tips that the article offered. Some of the tips were the kinds of things you’d definitely expect on such a list, like “eat less,” “exercise 45 minutes a day,” and “stimulate your brain.” […]
By Amy Coates Madsen and Henry Bogdan The “Coronavirus Aid, Relief and Economic Security” (or “CARES”) Act established what is called an “above the line” charitable deduction of $300 to stimulate charitable giving in response to the pandemic.[1] Reductions to income taken “above the line” benefit taxpayers using the standard deduction. The 2017 tax bill […]