5 Tax Breaks for 2019 You Should Not Miss

Itemize and bunch charitable contributions

Charity is often considered by many as a pathway to heaven. Well, it can be your path to tax savings too!

If you are close to the standard deduction threshold of $12,200 for a single filer and $24,400 for a couple, you should consider itemizing your charitable contributions so they help you cross over that limit.

Donations still need to be filed in detail and backed by supporting documentation.

If you are well below the standard deduction threshold even after you include itemized charitable contributions, they will no longer be deductible.

In this case, consider “bunching” your charitable contributions — where you combine two years’ worth of contribution in one year — so you cross the minimum and get at tax break.

Small-cap winners galore

The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
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Smarter cryptocurrency investments

The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.
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