In 2024, the standard deduction is $14,600 for single tax filers, $29,200 for joint filers, and $21,900 for people filing as ...

It’s nearly the end of the year, the traditional time for giving but before opening your wallet, you should know how tax rules are changing so you can maximize your gifts. Itemizers should hit fast ...

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 ...

Millions more Americans are expected to donate to nonprofits following changes in tax laws passed by Congress last summer, but those changes will also likely reduce the overall amount of money given ...

President Donald Trump's "big beautiful bill" made tax changes that could impact your year-end charitable giving. Starting in 2026, there's a new charitable tax break for non-itemizers, worth up to $1 ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. When President Trump signed the One Big, Beautiful Bill Act (OBBBA) into law ...

New legislation in the Senate to provide Covid relief would expand the charitable deduction for people who don’t itemize their 2020 taxes to $600 for individuals and $1,200 for couples, according to ...

According to state officials, the measure would wipe out a state deduction for charitable donations and increase a tax paid ...