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 ...
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), ...
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 ...
When you donate to charity, you're not only giving back — you could be getting back, too. Donating to qualified organizations can enable you to reduce your taxable income, which can put you into a ...
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 ...
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Senate integrates new deduction of up to $2,000 for taxpayers into its version of the 'Big Beautiful Bill'
As Congress prepares to begin the reconciliation process for the One Big Beautiful Bill Act—President Donald Trump’s sweeping tax reform and spending proposal—the Senate has added a provision that ...
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