Let's say you contribute $500 to a raffle conducted by a charitable organization to raise money and win the prize, which is a ...

Taxpayers should give as much consideration to the form in which they make charitable donations as they do to the amounts they give. By making some changes they might deliver more benefits to ...

There have been significant changes over the years in tax laws including the tax deductibility of charitable donations. The One Big Beautiful Bill enacted into law this July has continued to change ...

As the deadline for 2023 income tax reporting approaches, it is timely to revisit the substantiation rules for claiming charitable deductions during the tax year. For many years, the IRS has focused ...

The IRS Office of Chief Counsel in January 2023 released Chief Counsel Advice (CCA) 202302012, advising IRS staff that taxpayers should be denied a charitable contribution deduction for a donation of ...