35% cap on deduction value: For only those in the top 37% tax bracket, the tax benefit from all itemized deductions (not just ...

Tax policy set to change in 2026 could shrink charitable deductions for higher earners, reshaping year-end giving and ...

Minnesota nonprofits and foundations are backing federal legislation that would offer a tax incentive encouraging more people to donate to charities. The Charitable Act, recently introduced by 11 ...

Debate over the potential renewal of the so-called Trump tax cuts of 2017 will be building as their expiration approaches next year. The focus will likely be on corporate and personal tax rates. But ...

The ultra-wealthy are using charitable giving vehicles like donor-advised funds and private foundations to avoid taxes and exert influence, at the expense of ordinary taxpayers, according to a new ...

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 ...

The genius of American philanthropy, it is often said, is that nearly all Americans, of every income level, give. But the tax exemptions and deductions in the Internal Revenue Code are not for all ...

In my experience as a financial advisor, physicians — most likely including you — give generously to charities. As long as you're donating, why not receive a tax benefit? It's gotten a bit more ...