Donating to charity is a great way to show your giving spirit and can help save money at the same time if you follow key ...

As tax time rolls around, many states are encouraging people to donate in their state income tax returns to help non-game ...

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 ...

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 ...

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

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 corporation’s annual charitable contribution deduction cannot exceed 10% of the corporation’s taxable income Sec. 170 (b) (2) (A)), computed without regard to the following (Sec. 170 (b) (2) (D)): ...

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

Is your income tax bill bigger than expected? Here's how you should prepare for next year.