The Tax Cuts and Jobs Act (TCJA), which was signed into law in December 2017 and began to take effect in 2018, created a new deduction for pass-through business owners. The deduction, called the 199A deduction, can in certain situations provide up to a 20 percent tax deduction on one’s qualified business income. However, planning
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Shares of Whirlpool, the U.S. based washing machine giant who was once in favor of stricter trade controls for its own industry, plummeted after executives blamed rising steel and aluminum costs for diminished quarterly earnings. “Global steel cost has risen substantially and, particularly in the US, they have reached unexplainable levels,” Whirlpool CEO Marc Bitzer
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CNBC’s Jim Cramer on Tuesday praised Alphabet‘s earnings results, saying Google’s parent company was “crushing it” in the second quarter. “What I loved about this quarter is you finally got the rationale of why you like this stock,” said Cramer, whose charitable trust owns shares of Alphabet. “They basically explained that we … make a
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Two recent studies provide more confirmation that growing consumer demand for walkable, authentic and transit-oriented neighborhoods, particularly among millennials, fueled urbanization in the years following the Great Recession. In its latest Ambitious Thinking research on Smart Cities, JLL studied the settlement of college graduates aged 25 and older in the largest 25 U.S. metropolitan statistical areas
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Harley-Davidson expects to incur about $45 million to $55 million in increased costs because of the ongoing trade conflict. The company expects that steel and aluminum tariffs will add between $15 million and $20 million to its costs and European tariffs an additional $30 million to $35 million, CFO John Olin said during the motorcycle
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For-profit hospital operators are expected to report modest profits this earnings season, even though most Americans have recovered from last quarter’s historically severe flu season that boosted first-quarter results, analysts say. U.S. hospitals, which have struggled with reduced insurance payments in recent years, have also suffered from a slump in admissions as more Americans seek
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of the Infracap MLP ETF Brian Kelly was a buyer of the Regional Banks ETF Steve Grasso was a buyer of Tesla Guy Adami was a buyer of Trinity Industries Trader disclosure: On July 23, 2018, the following
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What items are taxable? It’s easy to remember wages, since you receive a Form W-2. It’s also easy to remember income reported on Forms 1099, although if you are missing one, maybe not so much. Yet a variety of events can give you taxable income even though you’ve seen no cash. Constructive receipt requires you to pay tax
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