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

New guidance from the IRS clarifies when scam victims can deduct their losses. Investment cases are among the most clear-cut.

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

In our new Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on reporting income and tax ...

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

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

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

“If instead you make a really large charitable donation in one year to a donor advised fund and then dole it out over time so as not to overwhelm your beneficiaries then you might actually contribute ...

Most surveyed CFP planners said U.S. consumers will face "substantial risks" if the cuts expire at the end of the year.

The 1040 tax form is the form taxpayers use for filing federal taxes. It's also a form that plenty of people have trouble filling out or understanding. In fact, back in 2018, Form 1040 received ...

Doing your taxes is only part of the job. After your returns are filed, it's important to keep the related documentation ...

The tax code allows deductions for qualified miles driven for business, medical, moving and charitable purposes. But to claim ...