In our Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on the tax rules for ...

Every year, millions of Americans support causes that are important to them by donating to charities and nonprofits. A 2023 Giving USA Annual Report of Philanthropy found that individuals gave an ...

Tax-deductible donations include money or goods you contribute to tax-exempt organizations. Plus, your charitable giving can benefit you if you take a charitable contribution deduction. However, you ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, ...

Charitable giving is one of the most popular (and fulfilling) ways to save on your taxes. Not only does it make you feel good to help others, but end-of-year charity donations can also help you save ...

Many Americans donate to charity each year. Knowing that the money can help an organization that is near and dear to your heart helps you feel warm and fuzzy inside. Getting a federal tax break for ...

Two of the biggest changes that taxpayers will face as they prepare their 2005 tax return involve the standard deduction and charitable giving. The IRS is reminding taxpayers that the standard ...