The potential cap, which would limit how much philanthropic donors can deduct from their state taxes, adds to a climate of ...

A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

Find out how Section 18A approval allows certain organisations to issue tax-deductible receipts and how you can benefit as a donor.

The article discusses tax implications for gifting pieces of art to tax-exempt charities, specifically focusing on how donors ...

Acronyms like CRT, CRAT, CRUT and NICRUT could have many clients' heads spinning. Here's a guide to the key pros and cons for ...

Tom Wheelwright's proven system allows his clients to build wealth via practical strategies that reduce taxes permanently.

One of the most tangible ways to create a lasting, meaningful impact on your community is through a charitable bequest. While ...

Taxpayers have the option to request a tax extension, which gives you six additional months to file your taxes.

The Indian taxation framework, as delineated by the Income Tax Act of 1961, may initially seem daunting. Nevertheless, ...

A New York-based federal appeals court panel on Thursday honed in on whether the IRS has the power to block states from ...

The IRS said it will focus on the wealthiest individuals and organizations this year. Filing season can be a stressful time ...