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 ...

A groundbreaking tax policy shift introduces a new deduction for charitable donations, benefiting millions of taxpayers who ...

Starting in the 2026 tax year, new rules will allow Americans who take the standard deduction — about 90% of all taxpayers — to also claim a charitable-giving deduction.

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

New tax rules for charitable donations will take effect in 2026 as part of President Trump's recently passed "Big, Beautiful Bill," changing how Americans can claim deductions for charitable giving.

You may remember there was a time, briefly, when you could claim a tax deduction for your charitable donations even if you didn’t itemize: The 2020 Coronavirus Aid, Relief and Economic Security ...

Financial experts weigh in on new tools like DAFs, 529 changes and estate tax updates spurred by the One Big Beautiful Bill ...

It can feel good to give money to a charity and support a cause you care about. You may feel even better if you get an income-tax deduction for your contribution. But you can only deduct charitable… ...

It's not tax season, but now that Trump's spending bill is final, it's a great time to plan, experts say. Don't overlook ...

Prior to OBBBA, charitable deductions served to reduce a taxpayer’s income such that the benefit of the deduction was calculated at the highest marginal tax bracket for the taxpayer.

Were donations nondeductible I would make no changes.My experience leads me to disagree with a letter writer (“ The Great American Charitable Tax Deduction,” Jan. 9). While I support ...