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 ...

The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know ...

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 ...

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 ...

Warne case shows split donations trigger minority discounts, reducing estate tax benefits for wealth management clients ...

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No tax on tips: Workers who receive tips can deduct up to $25,000 of qualified tip income on their federal return. No tax on overtime: You can deduct part of your overtime pay (the extra half-time ...

Few pieces of legislation have sparked as much discussion as the One Big Beautiful Bill Act. Since its passage, the act has been celebrated by some for its tax cuts and denounced by others for its ...