If you donate regularly to charity, you may want to take advantage of the charitable contribution deduction, an incentive that could significantly lower your taxable income. This article explains what ...

Small business owners know equipment wears out. Everything from telephones to the break room coffee machine needs replacing eventually. Donating usable equipment can mean tax savings -- if you do it ...

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 ...

Anyone who has ever given to a charity is familiar with the contribution receipt: it thanks the donor for the contribution, indicates the dollar amount of the gift and states that the charity did not ...

A tax deduction for charitable giving isn’t guaranteed just because you’re feeling generous. As with everything in tax law, it’s important to follow the rules, and with tax reform, those rules are ...