In addition to several other changes to tax law, the One Big Beautiful Bill Act of 2025 (OBBBA) creates new ways to handle ...

Nonprofit giving has declined by $65 billion since 2021. However, institutions are not the only ones pulling back. Consumers ...

35% cap on deduction value: For only those in the top 37% tax bracket, the tax benefit from all itemized deductions (not just ...

From a demographic point of view, the trend among America's wealthiest donors is gradually becoming more conservative, more center-right, if you will. This shift is a function of generational wealth ...

Election Day is Nov. 4, and Colorado voters will be able to cast their votes on two statewide propositions dealing with ...

Colorado voters asked to approve two measures this November that raise taxes and spending, while Texas voters are offered a ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

Thanks to July’s sweeping tax bill, qualified charitable distribution (QCDs) have become better than ever, experts say—at least for certain high-income taxpayers. This strategy for lowering taxes by ...

You might find that your most fruitful tax breaks aren’t hiding in itemized deductions — but they might be waiting for you after age 65. Data from the IRS shows that 90% of taxpayers choose the ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Tax optimization strategies vary by income level, but everyone can reduce their tax burden. Most taxpayers can save a few thousand dollars per year through basic techniques, while high earners can ...