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 ...

Giving to a good cause feels great — and if you itemize your taxes, it can also help lower your tax bill. The charitable donation tax deduction lets you write off qualified gifts to nonprofit ...

Just in time for Giving Tuesday, there's some good news for charities. The tax deduction for charitable giving is undergoing some changes next year thanks to the One Big Beautiful Bill Act, with a new ...

New legislation in the Senate to provide Covid relief would expand the charitable deduction for people who don’t itemize their 2020 taxes to $600 for individuals and $1,200 for couples, according to ...

The article details how charitable IRA rollovers allow donors aged 73 and up to transfer up to $108,000 directly to charities tax-free, boosting giving and providing tax benefits. Proper steps and ...