About 144 million Americans may qualify for the 2026 universal charity deduction, while high earners face new IRS limits.

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

Several changes are favorable for broad participation, while others trim deductions for higher-income households. Planning ...

In both 2025 and 2026, as well as years in the future, there is a 60% of AGI for cash gifts to public charities. For ...

New tax changes from OBBBA in 2026 could significantly impact charitable deductions by altering how donors give.

Year-end planning has become even more essential this year due to the passage of the One Big Beautiful Bill Act (OBBBA) ...

Action 2 News’ Elyse Noe sat down with a local CPA who breaks down what qualifies, what doesn’t and what you need to know ...

Final regulations prohibiting a federal charitable deduction for contributions to a state or local fund for which the donor receives a state or local tax credit are upheld under a Loper Bright ...

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 ...

Every year, charitable individuals and households make one saying a reality when they make a donation to nonprofits: It's better to give than to receive. However, when you give, the IRS also allows ...

The OBBBA amends Internal Revenue Code Section 4960, expanding the 21% excise tax on compensation exceeding $1 million. Previously, under the 2017 Tax Cuts and Jobs Act, this tax applied only to the ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...