Charitable tax deductions are about to see the biggest changes in nearly a decade in 2026 thanks to President Donald Trump ’s ...

Every year, millions of Americans support causes that are important to them by donating to charities and nonprofits. A 2023 Giving USA Annual Report of Philanthropy found that individuals gave an ...

Tax credits and tax deductions both decrease what you owe the IRS, but in different ways. Here's the difference, and how you ...

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions ...

Charitable giving is one of the most popular (and fulfilling) ways to save on your taxes. Not only does it make you feel good to help others, but end-of-year charity donations can also help you save ...

Many Americans donate to charity each year. Knowing that the money can help an organization that is near and dear to your heart helps you feel warm and fuzzy inside. Getting a federal tax break for ...

Two of the biggest changes that taxpayers will face as they prepare their 2005 tax return involve the standard deduction and charitable giving. The IRS is reminding taxpayers that the standard ...