Understand how the standard deduction for 2024 affects your taxes, what the standard deduction was for 2023, and how to ...

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are standard deductions ...

The standard deduction is a popular way for taxpayers to reduce the amount of income they are taxed on. How much of a deduction you're entitled to depends on your age, filing status and other factors.

Since the 2017 tax reform, fewer donors are getting deductions for their giving. But with some planning, you may still be ...

Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to ...

Lankford said the Charitable Act, which he introduced, would incentivize donations and support for nonprofits.

The mortgage interest deduction allows those who itemize deductions on Schedule A to write off the interest they pay on their ...

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The 2025 legislative session is filled with peril for the nonprofit world — including threats to foundations, big endowments, ...

If you’re donating money on Giving Tuesday, you may score a bigger tax break by gifting profitable investments. Here’s what ...

There’s been a surge of crypto donations to charity. Here’s what to know before transferring digital currency.