A new tax rule in the 'One Big Beautiful Bill' allows taxpayers to deduct up to $1,000 in charitable gifts starting in January and beyond.

If you provide financial help to family, friends, or others — whether paying tuition, covering medical bills, or sending ...

In the past, charitable donations were a great way to reduce your taxes when itemizing. But with new law in place, donations may not actually save you anything in taxes at all. To decipher the tax ...

The deduction will be available again starting with the 2026 tax year, meaning it will be available for charitable donations ...

They say that art is in the eye of the beholder. It might be more accurate to say that art, at least when it comes to its value, is in the eye of the IRS. They say that art is in the eye of the ...

Michael and Susan Dell’s donation made news for a lot of reasons. Here’s what you need to know about private foundations, ...

Political donations are not tax deductible under federal law, even if you’re contributing to support your favorite candidate or party. This rule applies to individuals and businesses. However, a few ...

Giving to a good cause feels great — and if you itemize your taxes, it can also help lower your tax bill. The charitable donation tax deduction lets you write off qualified gifts to nonprofit ...