About 144 million Americans may qualify for the 2026 universal charity deduction, while high earners face new IRS limits. Here's what to know.
Several federal tax law changes taking effect in 2026 may affect how charitable contributions are treated for tax purposes.
The new year brings more than resolutions and fresh starts; it also ushers in several tax changes that could affect your ...
The QCD limit is subject to an inflation adjustment, so the amount will likely rise annually. This year, the higher amount ...
Q. In a recent column, you indicated that I could use the qualified charitable distribution (QCD) option at 70 1/2. I am confused. I thought I did not have to take required minimum distributions (RMDs ...
New charitable giving tax deduction worth up to $2,000 is coming soon, and you don’t have to itemize
Taxpayers who donate to the causes that are close to their hearts have a new reason to celebrate — and to give: The massive new tax law includes a valuable new tax deduction for qualified charitable ...
There have been significant changes over the years in tax laws including the tax deductibility of charitable donations. The One Big Beautiful Bill enacted into law this July has continued to change ...
Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. The early months of the year are important for taxpayers ages 70½ and ...
Earlier this year, President Trump signed the One Big Beautiful Bill Act (the “OBBB”) into law. The OBBB has had a widespread impact on tax legislation, either amending or repealing many provisions of ...
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