Editor’s note: President Trump signed the stimulus bill six days after Congress passed it. This article has been updated to reflect that the bill is now a law. Congress passed a stimulus bill Monday ...

The OBBB shakes up charitable deductions with a little help for non-itemizers and a new challenge for itemizers this holiday ...

On July 4, President Donald Trump signed into law the One Big Beautiful Bill Act (H.R. 1) (OBBBA). While OBBBA contains various provisions that impact high-net-worth individuals, this alert focuses on ...

The tax code is becoming charitable to many more donors thanks to changes in the new tax and spending law. That’s going to help nonprofit organizations that rely on donations, and also everyday ...

Giving to a good cause feels great — and if you itemize your taxes, it can also help lower your tax bill. The charitable donation tax deduction lets you write off qualified gifts to nonprofit ...

Stream San Diego News for free, 24/7, wherever you are with NBC 7. When you itemize tax breaks, you can claim the SALT deduction, which includes state and local income taxes and property taxes.

With the passing of the One Big Beautiful Bill Act, new changes to your charitable contribution deductions could be significant depending on whether you give in 2025 vs 2026.

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) ...

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.