Latest news with #charitablegiving
Yahoo
5 days ago
- Business
- Yahoo
GivBux Expands Direct-Sales Channel to Increase Utilization of Its Innovative Super App
NEWPORT BEACH, Calif., Aug. 08, 2025 (GLOBE NEWSWIRE) -- GivBux, Inc. (OTC: GBUX), a publicly traded Super App and charitable giving platform, announced today the expansion of its direct-sales channel, bringing its data-based tools directly to consumers through a nationwide network of independent sales professionals. 'Our direct-sales professionals across the continental U.S. are already engaging in local organizational events,' said Umesh Singh, President of GivBux. 'They help introduce the GivBux Super App's powerful, intuitive financial tools to their communities and present the structure of earning rewards and commissions as they build their teams.' The GivBux Super App delivers advanced data analytics and applied AI within a mobile wallet experience. It continues to attract new users who benefit from seamless, secure, and personalized digital payment tools. A talented engineering team versed in big data, AI, and UX design, powers its rapid development — alongside strategic internal process automation that enables an efficient rollout. GivBux operates in the direct-sales arena amid sustained industry growth. The U.S. direct-selling market is forecast to expand at a compound annual growth rate (CAGR) of approximately 5.6% from 2025 through 2034, reaching about $70.5 billion by the end of that period.i Globally, the direct-selling sector is estimated to grow from $194.9 billion in 2024 to $207.0 billion in Well-established direct-sales organizations have achieved long-term success by emphasizing product integrity and fostering supportive, community-focused sales networks. GivBux aims to follow a similar path, prioritizing transparency, delivering a high-quality user experience, and leveraging technology-driven tools that empower both its users and its direct-sales professionals. This direct sales channel underscores GivBux's dual mission: to innovate in mobile finance and to offer meaningful entrepreneurial opportunities. Individuals joining the program will earn commissions based on the activity of those they introduce, creating income potential alongside community engagement — all backed by a product built on cutting-edge technology and ethical design principles. About GivBux, Inc. The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly and easily at over 100 national retailers, along with an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed towards a charity of their choice, embodying GivBux Inc.'s commitment to "give back." The GivBux Super App is free to use and available now at Google Play Store (Android) and the Apple App Store (IOS). The GivBux Super App is constantly evolving and adding new enhancements and functionalities, including social networking, e-commerce, banking, messaging, food delivery and transportation. GivBux is forging a new path in ecommerce and charitable giving and aspires to build the largest community of givers, first in the United States and eventually worldwide. For more details and regular updates, visit Forward-Looking Statements This press release contains 'forward-looking statements.' Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by GivBux, Inc. in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. The Company intends that all statements included herein, including those referring to future revenues and earnings, be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995. Contact: Umesh Singh, PresidentEmail: ir@ Instagram: X (formerly Twitter): i
Wall Street Journal
30-07-2025
- Business
- Wall Street Journal
Trump Tax Megalaw Upends Charitable Giving
Congress just reshuffled the incentives for charitable giving, providing tens of millions of middle-income households with a tax break while shrinking deductions for corporations and higher earners. The shake-up inside the 'one big, beautiful bill' that President Trump signed July 4 is expected to alter Americans' giving patterns when it takes full effect next year, and billions of dollars are riding on taxpayers' responses to restructured deductions for charitable donations.
Yahoo
27-07-2025
- Business
- Yahoo
Here's What Trump's New Tax Law Means for Your Deductions and Donations
The massive piece of legislation known as the 'One Big Beautiful Bill' comes with many changes to tax policy. While you may be aware Trump's 2017 tax cuts are extended, you may not know about the impact on deductions and donations. Read More: Learn More: Here are some things to know before you adjust your plans, according to some financial experts. Impact on Charitable Giving As noted by CNBC, the new deductions are designed to encourage everyday people to give more. The bill's deduction for those who don't itemize 'has the potential to re-motivate charitable giving among a significant number of households,' per the Akron Community Foundation. However, one of the important takeaways from the new law is that it has an exemption rule for the wealthy and limits for high earners. According to CNBC, the law could disincentivize charitable giving for high earners, as it limited deductions for those in the top tax bracket. 'Business and real estate deductions are dependent on the type of expenses,' said Schuyler M. Moore, partner at Greenberg Glusker. 'For donations, they are no longer deductible for the first amount up to 0.5% of the taxpayer's income.' 'Plus, those in the 37% bracket are now limited to a 35% deduction value cap, reducing the overall benefit of giving. Bottom line — the tax advantages are still there, but you'll need a more intentional, high-leverage strategy to access them,' said Christopher Stroup, founder and president of Silicon Beach Financial. Check Out: Impacts on Deductions According to Stroup, itemizing may no longer make sense in many cases. 'It makes the increased standard deduction permanent and introduces new below-the-line deductions, making itemizing less common,' Stroup said. The standard deduction under the new law is $15,750 for single filers and $31,500 for those filing jointly, per the Tax Foundation. 'The more generous standard deduction improves tax simplicity by reducing the number of taxpayers who benefit from itemizing over taking the standard deduction,' it said. Opportunity for Planning According to Stroup, this law rewards proactive planning. 'For high-income earners and charitably inclined households, tools like donor-advised funds, qualified charitable distributions and even revisiting gift and estate strategies — with the new $15 million exclusion — are essential,' Stroup said. 'With itemized deduction limits, adjusted gross income floors and phaseouts reshaping the landscape, a one-size-fits-all approach no longer works as coordination between your tax and financial plan is now critical.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 These Cars May Seem Expensive, but They Rarely Need Repairs The 5 Car Brands Named the Least Reliable of 2025 This article originally appeared on Here's What Trump's New Tax Law Means for Your Deductions and Donations Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-07-2025
- Business
- Yahoo
Here's What Trump's New Tax Law Means for Your Deductions and Donations
The massive piece of legislation known as the 'One Big Beautiful Bill' comes with many changes to tax policy. While you may be aware Trump's 2017 tax cuts are extended, you may not know about the impact on deductions and donations. Read More: Learn More: Here are some things to know before you adjust your plans, according to some financial experts. Impact on Charitable Giving As noted by CNBC, the new deductions are designed to encourage everyday people to give more. The bill's deduction for those who don't itemize 'has the potential to re-motivate charitable giving among a significant number of households,' per the Akron Community Foundation. However, one of the important takeaways from the new law is that it has an exemption rule for the wealthy and limits for high earners. According to CNBC, the law could disincentivize charitable giving for high earners, as it limited deductions for those in the top tax bracket. 'Business and real estate deductions are dependent on the type of expenses,' said Schuyler M. Moore, partner at Greenberg Glusker. 'For donations, they are no longer deductible for the first amount up to 0.5% of the taxpayer's income.' 'Plus, those in the 37% bracket are now limited to a 35% deduction value cap, reducing the overall benefit of giving. Bottom line — the tax advantages are still there, but you'll need a more intentional, high-leverage strategy to access them,' said Christopher Stroup, founder and president of Silicon Beach Financial. Check Out: Impacts on Deductions According to Stroup, itemizing may no longer make sense in many cases. 'It makes the increased standard deduction permanent and introduces new below-the-line deductions, making itemizing less common,' Stroup said. The standard deduction under the new law is $15,750 for single filers and $31,500 for those filing jointly, per the Tax Foundation. 'The more generous standard deduction improves tax simplicity by reducing the number of taxpayers who benefit from itemizing over taking the standard deduction,' it said. Opportunity for Planning According to Stroup, this law rewards proactive planning. 'For high-income earners and charitably inclined households, tools like donor-advised funds, qualified charitable distributions and even revisiting gift and estate strategies — with the new $15 million exclusion — are essential,' Stroup said. 'With itemized deduction limits, adjusted gross income floors and phaseouts reshaping the landscape, a one-size-fits-all approach no longer works as coordination between your tax and financial plan is now critical.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck 10 Cars That Outlast the Average Vehicle This article originally appeared on Here's What Trump's New Tax Law Means for Your Deductions and Donations Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Business
- Yahoo
GivBux Confirms Warrant Dividend Progress
NEWPORT BEACH, Calif., July 16, 2025 (GLOBE NEWSWIRE) -- GivBux, Inc. (OTC: GBUX), a publicly traded Super App and charitable giving platform, today thanked shareholders who submitted statements of their holdings in response to the company's special warrant dividend. The company said it is currently reviewing and verifying shareholder submissions and expects to finalize the distribution calculations early next week. The GivBux board of directors approved the warrant dividend on May 21, 2025, and confirmed the action in a Form 8-K filed with the SEC on June 9, 2025. About GivBux, Inc. The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly and easily at over 100 national retailers, along with an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed towards a charity of their choice, embodying GivBux Inc.'s commitment to "give back." The GivBux Super App is free to use and available now at Google Play Store (Android) and the Apple App Store (IOS). The GivBux Super App is constantly evolving and adding new enhancements and functionalities, including social networking, e-commerce, banking, messaging, food delivery and transportation. GivBux is forging a new path in ecommerce and charitable giving and aspires to build the largest community of givers, first in the United States and eventually worldwide. For more details and regular updates, visit Forward-Looking Statements This press release contains 'forward-looking statements.' Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by GivBux, Inc. in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. The Company intends that all statements included herein, including those referring to future revenues and earnings, be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995. Contact: Umesh Singh, PresidentEmail: ir@ Instagram: X (formerly Twitter): in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
