You can deduct up to 300 dollars per person for a contribution to a public charity without having to itemize. A lot of people have been bunching their charitable contributions so that they can push themselves over that standard deduction and take full advantage of it. If you haven't made a gift this year, and you're otherwise inclined towards charitable things, you should consider gifting. It will both do good for public charities and help reduce your taxable income.
The US inflation rate rises to a 39-year high. Pet supply retailer Chewy tumbles on earnings. Costco rises on big 1st-quarter results. CVS hits an all-time high after its investor day presentation. Motley Fool analysts Emily Flippen and Ron Gross discuss those stories and weigh in on the latest from Lululemon Athletica, Rent the Runway, Stitch Fix, RH Holdings, Intel, Beyond Meat, Jack in the Box, and Shake Shack, Plus, our analysts share two stocks on their radar: Tyler Technologies and Accenture. And CFP Dan Messeca talks 401Ks and last-minute financial planning tips for investors.
For more from Dan Messeca and his co-host Ross Anderson, check out their podcast “Check Your Balances”.
https://podcasts.apple.com/us/podcast/check-your-balances/id1551991071
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