The One Big Beautiful Bill Act made significant changes in the tax benefits of charitable giving, increasing tax benefits for ...

How recent Federal tax law changes are reshaping charitable giving strategies—and what you should do before year-end ...

For a growing number of American retirees, the goal of eliminating or drastically reducing their federal tax bill isn't a pipe dream - it's a real outcome made possible by one of the most underused ...

IRS disallows charitable deduction for LLC donation lacking economic substance, assigns income back to taxpayers in memo ...

About 144 million Americans might qualify for the 2026 universal charity deduction, while high earners face new IRS limits. Here's what to know.

Retired clients can put their qualified charitable distributions to work for a small, taxable income stream if they exercise care using charitable gift annuities (CGAs), advisors say. “A CGA is ...

Here's how to use your donations to save on taxes ...

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), ...

Because of the accumulated earnings tax, a C corporation with significant accumulated earnings can be a problem for a CPA trusted business adviser. Paying the money out as a dividend leads to a second ...

As the deadline for 2023 income tax reporting approaches, it is timely to revisit the substantiation rules for claiming charitable deductions during the tax year. For many years, the IRS has focused ...