The Tax Cuts and Jobs Act (TCJA) limited itemized deductions and doubled the standard deduction to entice more taxpayers to skip itemizing – but money-saving deductions still remain for eligible ...

You have an important decision to make each time you fill out your federal income tax return: Take the standard deduction or claim itemized deductions. And, of course, you'll always want to pick ...

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 ...

It is easy to lump deductions, credits, and exemptions into the same basket of tax-saving mechanisms, but they are distinctly different. One major difference is that the Tax Cuts and Jobs Act of 2017 ...

Eight financial industry trade groups and independent broker-dealers (IBDs) have sent a joint letter urging the leadership of the U.S. House and Senate tax writing committees to make investment ...

As Americans fire up their laptops and desktops to get another e-filing tax season underway, they might overlook something as old as tax time itself: savvy tax deductions. COVID-19 pandemic relief has ...

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 decision to cap federal ...

Nonprofits are urging lawmakers to restore more generous tax breaks for charitable giving as they consider a fresh round of pandemic aid with the omicron variant caseload still at worrying levels.

If you’re fortunate enough to be able to donate money this year, plenty of causes need your attention. In a year like 2020, choosing where to direct your dollars is like picking your favorite child.