Charitable giving has always been one of the more rewarding parts of the tax code—both emotionally and financially. But ...
As the year draws to a close, many individuals consider making charitable donations to reduce their tax burden. However, to maximize the benefits of these contributions, it’s crucial to ask the right ...
Tax-deductible donations include money or goods you contribute to tax-exempt organizations. Plus, your charitable giving can benefit you if you take a charitable contribution deduction. However, you ...
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. Money; Getty Images In a major ...
OBBBA reduces the income tax benefit of claiming a charitable deduction, prompting donors to reconsider tax implications when ...
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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, ...
Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. Charitable giving often involves the donation of non-cash items, whether art, ...
Once we are not as concerned about leaving assets to heirs, an entirely new set of possibilities opens up. One of my favorite ...