Most Americans may be better off waiting until 2026 to donate cash to their favoriite charities due to tax law changes.

Several changes are favorable for broad participation, while others trim deductions for higher-income households. Planning ...

Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize.

In this week's Ask the Editor Q&A, Joy Taylor answers questions on itemized deductions claimed on Schedule A of Form 1040 ...

For many taxpayers, the standard deduction makes it unnecessary to itemize. However, this also limits which deductions you can claim, including donations to charity. Recent tax changes have affected ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

New tax changes from OBBBA in 2026 could significantly impact charitable deductions by altering how donors give.

- 60% AGI limit for cash gifts: in 2017, the Tax Cuts and Jobs Act ( TCJA) set the top AGI deduction limit for cash gifts at 60%, but this was scheduled to revert to 50% at the end of 2025. OBBBA made ...

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season.