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

Is tithing tax deductible? Yes, if you opt to itemize your deductions. Here's everything you should know about tithing and tax deductions for this year.

There are rules you have to follow to get out of paying taxes.

Political donations are not tax deductible under federal law, even if you’re contributing to support your favorite candidate or party. This rule applies to individuals and businesses. However, a few ...

Individuals who choose to itemize their deductions on their tax returns can deduct charitable contributions of money or property. This means that those who opt for the standard deduction cannot deduct ...

The Internal Revenue Service has announced that it plans to crack down on improper charitable deductions claimed for donations of patents and other types of intellectual property. Taxpayers who claim ...

A federal tax credit is expected to boost school donations. Public school foundations can obtain the funds to help Illinois ...

Are IRA contributions tax-deductible? They might be, but eligibility depends on income, filing status and participation in a ...