An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade The tax code is becoming charitable to many more donors thanks to ...

It’s nearly the end of the year, the traditional time for giving but before opening your wallet, you should know how tax rules are changing so you can maximize your gifts. Charitable tax deductions ...

The sweeping tax package known as the One Big Beautiful Bill (OBBB), which passed on July 3 and was signed by President Donald Trump by July 4, brings notable changes for tax-exempt organizations, ...

As holiday giving season kicks into high gear, donors face a charitable landscape that is significantly different from the one they navigated a year ago, following passage of the One Big Beautiful ...

Editor’s note: President Trump signed the stimulus bill six days after Congress passed it. This article has been updated to reflect that the bill is now a law. Congress passed a stimulus bill Monday ...

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.