A bipartisan group of U.S. senators is leading the charge to further expand the charitable tax deduction in upcoming coronavirus relief bills as charities struggle amid the COVID-19 epidemic. The ...

Tax policy set to change in 2026 could shrink charitable deductions for higher earners, reshaping year-end giving and nonprofit budgets. The shift traces back to President Trump’s tax package and the ...

Many of the most impactful tax provisions in the "One Big Beautiful Bill" (OBBB), which President Trump signed into law on July 4, made expiring changes from the Tax Cuts and Jobs Act (TCJA) of 2017 ...

So this year the government has offered an added incentive for Americans to donate to charity. As part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, lawmakers created a special one ...

NEW YORK, Dec 3 (Reuters) - A federal appeals court in Manhattan on Thursday appeared skeptical of arguments by four Democratic-leaning U.S. states to overturn Republican President Donald Trump's ...

The arrival of a new tax deduction for charitable donations marks a significant shift in tax policy. This deduction allows up to $1,000 for individual taxpayers and $2,000 for married couples filing ...