35% cap on deduction value: For only those in the top 37% tax bracket, the tax benefit from all itemized deductions (not just charitable contributions) for taxpayers will be capped at a 35% tax rate.

GREENVILLE, N.C. (WITN) - The deadline to donate to charities and claim contributions on taxes is approaching. The deadline to give to charities and still claim those donations on 2021 tax returns is ...

INDIANAPOLIS — The end of the year is the most popular time for charitable contributions, as nonprofit organizations tap into the spirit of giving that accompanies the holidays. Some 13News viewers ...

Tax policy set to change in 2026 could shrink charitable deductions for higher earners, reshaping year-end giving and nonprofit budgets. The shift traces back to President Trump’s tax package and the ...

(WTNH) — If you’re looking to make a charitable donation before the end of the year, the IRS is out with a reminder that you may be able to use it as a deduction on your taxes — even if you don’t ...

Editor's note: This article was originally published Dec. 8, 2021. Find more USA TODAY tax season coverage here. Charitable giving during the holiday season this year takes on a new, happier meaning ...

Taxpayers who donate to the causes that are close to their hearts have a new reason to celebrate — and to give: The massive new tax law includes a valuable new tax deduction for qualified charitable ...

Minnesota nonprofits and foundations are backing federal legislation that would offer a tax incentive encouraging more people to donate to charities. The Charitable Act, recently introduced by 11 ...

BOISE, Idaho (KIFI) — Idaho taxpayers can deduct some 2021 charitable contributions on their income taxes even if they use the standard deduction and don’t itemize. They can claim cash contributions ...

Forbes contributors publish independent expert analyses and insights. Julie Jason covers retirement security & manages wealth as a fiduciary There are only a few days left before the end of the year ...

As you begin to prepare your 2021 taxes, make sure you carefully review your return and consider all deductions and credits that apply to you. After all, taking extra care when doing your taxes can ...