Charitable Deductions News Today

People leave a lot of money on the table by waiting until late in the year to consider their charitable gifts.

A federal jury sitting in Atlanta handed down the conviction Friday.

His scheme allowed him to avoid paying hundreds of thousands of dollars in taxes, prosecutors say.

Congress should resist President Obama's proposal to reduce the taxdeduction rate on charitable gifts from high-income earners.

From a bag of used clothing to artwork worth millions, donations can get a tax deduction — the complications arise when dealing with substantiation requirements. 

Hard data about charitable donations denominated in cryptocurrency is difficult to obtain.

The Internal Revenue Service and the Treasury Department issued a notice offering a safe harbor for the deed language in charitable conservation easements.

Affluent investors typically have more complicated financial lives and more ways to get things wrong when filing federal tax returns in 2023.

The IRS continues to pursue these controversial transactions, in court and elsewhere.

President Barack Obama’s FY 2012 budget proposal would harm charitable organizations by raising the tax rate on upper-income individuals and families and reducing their income tax deduction for charitable donations. These two changes in the tax code would discourage charitable donations and leave the most generous donors with less money to donate. Predictably, they would shift resources from private nonprofit charitable organizations to the federal government, which is consistently less effect...