On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Here are some of the best ways to reduce your taxes in retirement and what to watch out for. 7 ways to lower your tax bill in ...

National Philanthropic Trust. "The 2024 DAF Report." Internal Revenue Service. "Donor-Advised Funds." Internal Revenue Service. “Charitable Contribution Deductions.” FindLaw.com. "National Heritage ...

The Heart of Maine Resource Center announces a gift awarded by the Skowhegan Savings Charitable Foundation in the amount ...

Many successful business owners attribute some part of their success to their community. For some of these owners, it is not enough to ...

With the Republican party taking control of not just the White House but both chambers of Congress, the Tax Cuts and Jobs Act ...

As tax season rolls around, you may have a number of questions on your mind — including whether your mortgage interest is tax deductible in 2025. The short answer is yes, but whether or not ...

As nonprofits across Massachusetts face uncertainty over the future of federal funding, some are also expressing concern over ...

While you might have committed to giving a percentage of your income, giving assets that have appreciated into your funds may ...

Jean M. Larsen / Executive Director / Legacy Endowment Last fall, the IRS released the new tax brackets for 2025, some of which will have an impact on an individual’s or couple’s charitable intentions ...

Learn how funding a Donor Advised Fund (DAF) can reduce your tax liability, avoid capital gains taxes and more.