Editor’s Note: The CARES Act made several changes designed to encourage charitable giving during the COVID-19 outbreak. For the 2020 and 2021 tax years, the CARES Act amended IRC Section 62(a), ...

In our Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on the tax rules for ...

Debate over the potential renewal of the so-called Trump tax cuts of 2017 will be building as their expiration approaches next year. The focus will likely be on corporate and personal tax rates. But ...

The ultra-wealthy are using charitable giving vehicles like donor-advised funds and private foundations to avoid taxes and exert influence, at the expense of ordinary taxpayers, according to a new ...

The deduction will be available again starting with the 2026 tax year, meaning it will be available for charitable donations made in 2026 and beyond. So, if you were planning to make a year-end ...

Editor’s Note: The 2017 tax reform legislation increased the 50 percent AGI limitation on cash contributions to public charities and certain private foundations to 60 percent. This provision is ...

Taxpayers who donate to the causes that are close to their hearts have a new reason to celebrate — and to give: The massive new tax law includes a valuable new tax deduction for qualified charitable ...

The arrival of a new tax deduction for charitable donations marks a significant shift in tax policy. This deduction allows up to $1,000 for individual taxpayers and $2,000 for married couples filing ...

Financial advisors and tax professionals may soon be getting questions from wealthy clients about whether they should ramp up charitable donations before the end of the year. That's because the One ...

As more donor groups have formed name, image and likeness (NIL) collectives as not for profit entities, the Internal Revenue Service (IRS) recently released guidance that effectively puts the brakes ...

In my experience as a financial advisor, physicians — most likely including you — give generously to charities. As long as you're donating, why not receive a tax benefit? It's gotten a bit more ...