MiBolsilloColombia on MSN

IRS change allows cash donations to be deducted by more taxpayers

Starting in 2026, the Internal Revenue Service will allow standard deduction filers to write off cash donations under the One ...

Fact Check: Claim image shows restaurant receipt with service charge, no 'optional tip' doesn't add up

In thousands of Facebook comments, users discussed their thoughts about a $10.08 service charge and no added tip — failing to realize the truth.
MiBolsilloColombia on MSN

Why you could pay less in taxes in 2026 even with a raise

A new rule under the One Big Beautiful Bill Act allows more taxpayers to deduct cash donations even if they take the standard ...

How to avoid common tax traps for W-2 earners in 2026

Domain Money reports W-2 employees can avoid tax traps in 2026 by strategically managing deductions, retirement contributions, and tax planning.
Canadian Accountant

When a donation is not really a gift: The court's rejects on tax-driven charity arrangements, gifts must be genuine

Canada (2025 FCA 94) addresses the meaning of a "gift" under the Income Tax Act and the requirements for claiming charitable donation tax credits. The case arose after two taxpayers, Chris Walby and ...

Most Canadians have yet to file taxes, CRA data show. Here are five tips to get you going

From pension splitting to pooling donations, here are some ways to motivate taxpayers to file on time and get their best ...