As Republicans negotiate changes to the tax code, one area is set to remain the same: charitable giving. That said, because both the House and Senate proposals nearly double the Standard Deduction, fewer taxpayers will be itemizing, which means they will be giving for the sake of giving, not to reduce their tax bills.
Read MoreInvestors will resume trading after the Thanksgiving weekend, but all eyes will be on the outcome of Cyber Monday. Last year, it was the largest online sales day in history- shoppers spent a record $3.39 billion online, edging out the Black Friday online sales. This year, Cyber Monday sales are set to grow by 16.5 percent from a year ago, according to Adobe Digital.
Read MoreAnalysts say that the stable economy, an improving labor market and a longer holiday shopping season — one extra weekend day this year — are expected to boost holiday sales by about four percent from a year ago. [In case you missed it, check out my Evening News piece about how brick and mortar retailers are embracing a new concept, “Retail-tainment” to bring in holiday shoppers.]
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