For many taxpayers, the standard deduction makes it unnecessary to itemize. However, this also limits which deductions you ...

CPAs and advisors are warning clients to maximize their charitable deductions before year-end. That’s because the massive tax and budget legislation known as the One Big Beautiful Bill Act, which ...

Economic uncertainty, global events and increasing wealth are shaping the charitable landscape this year. Here are the ...

Donors have several months to plan their contributions before changes from the One Big Beautiful Bill kick in.

When the economic outlook is uncertain, charitable giving is even more important — and impactful. You can be strategic by ...

An expansion to a 2017 TCJA provision, a permanent increase to the standard deduction, and additional incentives for ...

Charitable deductions are reported on a tax form for itemized deductions called Schedule A, under the Gifts to Charity section. Big donations may require an extra form and supporting documents.

Nonprofits, already under strain, face “mixed bag” from the law’s changes to giving incentives.

With just over 700 locations across the country, Dairy Queen remains a familiar name in Canadian communities coast to coast.

In order to encourage charitable contributions in 2020 (for any charitable purpose, not just contributions to charities related to the COVID-19 crisis) the CARES Act increases the maximum 60% of ...

The charitable remainder trust can to some extent be treated as a stretch IRA. To get the best results, leaving your IRA to someone other than your spouse requires strategic planning.

He reported over $1.8 million in charitable contributions during his first year in the White House, but that figure dropped to $0 by 2020.