The charitable donation tax deduction lets you write off qualified gifts to nonprofit organizations, but there are rules to ...
Businesses giving gifts is a common practice in many industries. Employees often appreciate receiving a holiday gift, and referral partners are more enticed to refer if they receive a gift for it.
Donor-advised funds reeled in a record-breaking $29 billion in contributions last year, and with new wealth comes heightened scrutiny. Critics charge that DAFs are warehousing philanthropic dollars, ...
Q. Hi, Dan. I don’t understand why people are talking about the new deduction for charitable gifts next year. Haven’t charitable gifts always been deductible? — Carl in Rockledge A. Carl, for millions ...
Since the 2017 tax reform, fewer donors are able to claim deductions for their gifts. But with the right strategies, you may be able to turn your generosity into tax savings this year—before new ...
President Donald Trump’s ‘big beautiful bill’ includes a new charitable deduction worth up to $1,000 for single filers or $2,000 for married couples filing jointly. Starting in 2026, the new tax break ...
The U.S. Tax Court has ruled that the Internal Revenue Service was right to deny deductions for charitable contributions that were claimed by an Ohio man. The court’s main reason: The taxpayer could ...
Some deductions remain every year, but others change or disappear and new ones crop up. Learn about the best tax deductions ...
If you're concerned about taxes, you probably want to skip that year-end cash donation. Tax laws are changing, and timing is everything this year to maximize your gifts. Itemizers should hit ...
If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible.Some of the changes, ...
Retirement taxes aren't always simple. These 9 deductions could help middle-class retirees lower their 2026 tax bill, even if ...