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CARES Act Charitable Donation ProvisionsDid you know? Even if you do not itemize deductions on your federal taxes, you can deduct up to $300 of charitable gifts made in 2020. If you do itemize deductions, you can deduct up to 100% of your Adjusted Gross Income (AGI) for charitable gifts made in 2020. If you are at least 59½, you may take a distribution of any amount from your IRA or 401k, give the same amount to a qualified charity, and avoid paying any federal income taxes on the distribution.
Bangladesh (MNN) Yesterday, Cyclone Amphan made landfall in West Bengal, India, near the border of Bangladesh. The storm originated in the Bay of Bengal and was the strongest storm ever recorded in those waters. Before making landfall, the storm dissipated slightly to the equivalent of a category 2 hurricane. The storm first landed at the Sundarbans, a forest reserve that sits on the border of India and Bangladesh and is home to 96 protected tigers. With 165 mph winds and 16-foot waves at landfall, Amphan damaged many old and poorly constructed buildings...
Indonesia (MNN) — Jakarta already faced crisis earlier this year when flooding ravaged the region. Although a majority of the flooding has subsided, rainfall continues to threaten Indonesia’s already-sinking capital. And as if the weather hadn’t already taken its toll on Jakarta, the city is now “the epicenter of the COVID-19 epidemic in Indonesia,” according to Juserdi Purba of Asian Access. As of Friday, Indonesia had more than 10,000 cases and 800 deaths. For now, many of those cases are found in Jakarta. Even though the flood...
Japan (MNN) — Japan faces a new wave of confirmed coronavirus cases as the government starts testing more people. Many have referred to the April uptick as a second wave, the first happening in March, but Takeshi Takazawa of Asian Access views it as a delayed wave. Up until the beginning of April, Japan had not seen many cases, even though the virus first arrived in January. Read our full COVID-19 coverage here. Takazawa says of active cases, “I think the number has been steadily growing.
International (MNN) — False worldviews in South Asia about men and women lead to increased domestic violence as billions are confined to their homes by COVID-19. Adrian DeVisser, the Vice President for Partnership Development at Asian Access, says ugly views towards women already exist, but the isolation is compounding the issue. In the cultural context of South Asia, which is informed by Hinduism, Buddhism, and Islam, De Visser says, “[People] believe that man is [like a] god, and the wife happens to be not a god. For instance, a lady in Asian contexts sometimes find it difficult to call her husband by name. She will call him by the name of the child and say,...
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