Starting in the 2026 tax year, new rules will allow Americans who take the standard deduction — about 90% of all taxpayers — to also claim a charitable-giving deduction. Money; Getty Images In a major ...
A charitable donation tax deduction can help you lower your tax bill while simultaneously supporting a worthwhile cause. Tax-deductible charitable contributions include goods, cash, and property ...
Nonprofit groups that benefit from car-donation programs are scrambling to preserve what has become a small but steady source of income while responding to Congressional concern that donors are ...
If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible.Some of the changes, ...
Saying that some donors who give automobiles to charity are taking deductions from their income taxes for far more than the true value of their gifts, the U.S. Department of the Treasury has asked ...