Here's how to use your donations to save on taxes Fact checked by Vikki Velasquez The Internal Revenue Code (IRC) includes a tax break for charitable giving. However, claiming the charitable ...

There have been significant changes over the years in tax laws including the tax deductibility of charitable donations. The One Big Beautiful Bill enacted into law this July has continued to change ...

As the deadline for 2023 income tax reporting approaches, it is timely to revisit the substantiation rules for claiming charitable deductions during the tax year. For many years, the IRS has focused ...

The IRS Office of Chief Counsel in January 2023 released Chief Counsel Advice (CCA) 202302012, advising IRS staff that taxpayers should be denied a charitable contribution deduction for a donation of ...