Besides taking a loss on your portfolio to reduce your total taxes, there are a few more things to do before the end of 2020 that can help lower your tax burden. For example, the IRS is allowing a cash donation of $300 that can be deducted for those who use standard deductions this year. This is an “above the line” deduction that lowers your gross and taxable income.
With many Americans unable to make ends meet, much less profitably play the stock market during this pandemic, now’s the time to make the season bright for a charity in need — while lowering your total tax burden at the same time. That’s a win-win this holiday season, and a way to take a little bit of capital off the table with stocks at all-time highs.
Now here’s the rest of the news:
December 29, 2019
And, according to legendary pastor, leadership and management expert John C Maxwell, gratitude, by its very nature, automatically works to eliminate three mental characteristics that most undermine individual success in an interactive world:
Maxwell also talks about how gratitude can enrich your life:
- Grateful people linger over life’s blessings
- Grateful people live in the moment
- Grateful people leave fear behind
- Grateful people live on purpose
- Grateful people love those beside them
So, how do you put gratitude into practice? Great question. In a New York Times article, Arthur C Brooks, author of Gross National Happiness, suggests practicing three gratitude strategies to tap into its powerful beneﬁts:
- Interior gratitude: Keep a daily or weekly list of the things you are grateful for. For example, each day you might write down 1 – 3 people or things you are grateful for.
- Exterior gratitude: Write thank-you notes and share your gratitude with others. These can be hand-written notes, phone calls, emails, or text messages.
- “Be grateful for useless things”: Mindfully express thanks for the everyday stuff that we too often take for granted, like running water, air conditioning, washing machines, etc.
With gratitude comes miracles … miracles + gratitude! Darren’s thoughts on: “How Miracles Happen”
Oprah Winfrey, a leader in the consciousness of gratitude, may have said best, “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never; ever have enough.”
To You, 🙂
December 29, 2018
This is my personal BLOG that I have …
- not written in …
- not added to …
- or thought about for ages.
That is all about to change. Big plans for 2019!
We are going to have fun … fun … fun, and more fun. Why?
Because we can…
My name is Robert Edward Walker, and this is My BLOG … Rob’s Personal Blog.
See you all tomorrow!