Qualified charitable distributions have surged in popularity thanks to a shift away from itemized deductions, but experts say ...

The charitable contributions deduction reduces taxable income by allowing individual taxpayers and businesses to deduct contributions of cash and property to qualified charitable organizations.

However, claiming the charitable contribution deduction is subject to numerous rules. For instance, your donation must be ...

Fact checked by Michael Rosenston Donor-advised funds (DAFs) can be a great way for you to reach your philanthropic goals.

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

Deducting charitable donations What is a charitable contribution? How to deduct a charitable donation The requirements for a tax-deductible charitable contribution Overlooked tax-deductible ...

You need to itemize to take a tax deduction for your charitable donations, but fewer people itemize now that the standard deduction has doubled. Even if you don’t itemize, there are other ways ...

Taxpayers who donate to charitable causes can use a federal income tax deduction to reduce what they owe the IRS. However, only those who itemize their deductions can take advantage of it.

The charitable tax deduction is distorting American philanthropy. It doesn’t just shape where dollars go; it also warps the way that nonprofits behave. Let’s find out what the Met Gala looks ...