Saying that some donors who give automobiles to charity are taking deductions from their income taxes for far more than the true value of their gifts, the U.S. Department of the Treasury has asked ...

The introduction of a new tax deduction for charitable donations marks a significant shift in U.S. tax policy, offering a fresh incentive for taxpayers who typically choose the standard deduction.

After discovering that some charities are providing donors of automobiles and other vehicles with incorrect receipts that allow contributors to claim overly generous charitable deductions, the IRS has ...

The 2026 tax season presents new opportunities to increase your refund with strategic use of deductions. The IRS has ...

CORRECTION: 1/8/26: A previous version of this article declined to specify that the tax benefit is a tax deduction, not a tax credit. Also, additional context was ...

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. Itemizers should hit fast ...