In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on the tax rules for ...

Every year, millions of Americans support causes that are important to them by donating to charities and nonprofits. A 2023 Giving USA Annual Report of Philanthropy found that individuals gave an ...

Charitable giving is one of the most popular (and fulfilling) ways to save on your taxes. Not only does it make you feel good to help others, but end-of-year charity donations can also help you save ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, ...

President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...

Many Americans donate to charity each year. Knowing that the money can help an organization that is near and dear to your heart helps you feel warm and fuzzy inside. Getting a federal tax break for ...

Two of the biggest changes that taxpayers will face as they prepare their 2005 tax return involve the standard deduction and charitable giving. The IRS is reminding taxpayers that the standard ...