The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions ...

The charitable donation tax deduction lets you write off qualified gifts to nonprofit organizations, but there are rules to ...

Q. Hi, Dan. I don’t understand why people are talking about the new deduction for charitable gifts next year. Haven’t charitable gifts always been deductible? — Carl in Rockledge A. Carl, for millions ...

Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...

Answer: Sales tax was a deduction until the 1986 Tax Reform Act “simplified” the tax system. The 2004 Jumpstart Our Business ...

If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible.Some of the changes, ...

Donor-advised funds reeled in a record-breaking $29 billion in contributions last year, and with new wealth comes heightened scrutiny. Critics charge that DAFs are warehousing philanthropic dollars, ...

The U.S. Tax Court has ruled that the Internal Revenue Service was right to deny deductions for charitable contributions that were claimed by an Ohio man. The court’s main reason: The taxpayer could ...

“Barring Congressional Action, tax rates are set to revert to pre-Tax Cuts and Jobs Act levels at the end of 2025.” I scribbled out that same general line on numerous occasions since the TCJA was ...