Discover the benefits of donating your car to charity, from tax deductions to aiding causes you support. Learn why it can be a win-win for both you and the charity.
New tax changes from OBBBA in 2026 could significantly impact charitable deductions by altering how donors give.
The introduction of a new tax deduction for charitable donations marks a significant shift in U.S. tax policy, offering a fresh incentive for taxpayers who typically choose the standard deduction.
Here’s how to give wisely.
For the first time in years, taxpayers who do not itemize their deductions will be able to deduct their charitable donations. This is a significant development because, since 2017, most people could ...
If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible.Some of the changes, ...
Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize.
Most Americans may be better off waiting until 2026 to donate cash to their favoriite charities due to tax law changes.
Starting in the 2026 tax year, new rules will allow Americans who take the standard deduction — about 90% of all taxpayers — to also claim a charitable-giving deduction. Money; Getty Images In a major ...
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 ...
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