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Updated for tax year 2022. Campaign contributions total hundreds of millions of dollars, and they continue to rise. With this level of fundraising, one question is sure to come to mind: Are political contributions tax deductible? The short answer? No. Most political contributions, whether local, regional, or national, are not tax-deductible and haven’t been for years.
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Rolls-Royce Steve Christo – Corbis | Corbis News | Getty Images Rolls-Royce sold a record number cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. “We haven’t seen seen any slowdown or downturn,” Muller-Otvos told CNBC. “We haven’t seen any negative impact.” Rolls-Royce delivered 6,021
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vitapix | E+ | Getty Images New government jobs data shows the U.S. labor market is still strong, with a record low unemployment rate of 3.5%. “The unemployment rate is the lowest in 50 years,” President Joe Biden said on Friday. ”We have just finished the two strongest years of job growth in history.” Yet as
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Amazon and Salesforce are among the latest tech companies to announce job cuts, after rapid hiring over the last several years. For every company announcing layoffs, senior leaders and managers must keep the remaining employees motivated and productive.  Among U.S.-based companies, announced layoffs were up 172% in the fourth quarter of 2022 — with more
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Atlanta Federal Reserve President Raphael Bostic said Friday that December’s jobs report, with its slowdown in wage increases and better-than-expected employment growth, doesn’t change his view on monetary policy. The central bank official said he still sees interest rates rising, up past 5% for the Fed’s benchmark funds rate, where he sees it staying for
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Dragos Condrea | Istock | Getty Images If you’re signing up for Medicare, you’ve likely discovered that there are a lot of out-of-pocket costs that come with your coverage. For about 23% of Medicare’s 65.1 million beneficiaries, the solution for covering those outlays is a so-called Medigap plan. These policies, sold by private insurance companies,
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