Tax deductions, such as giving to charity, help to lower your taxable income, which, in turn, could help to reduce what you ...

With the Big Beautiful Bill reshaping estate and gift taxes, Jennifer Cona shares year-end strategies to maximize charitable giving and update estate plans.

High-net-worth taxpayers who concentrate their philanthropic donations during this tax year can avoid new deduction floors ...

Q: I turned 73 on March 15, 2024. When is my first required minimum distribution? A: The first RMD could have been delayed till April 1, 2025. However, whether or not the first mandatory withdrawal is ...

The article details how charitable IRA rollovers allow donors aged 73 and up to transfer up to $108,000 directly to charities ...

An April 15 deadline would give donors more time to grapple with the increasing complexity of charitable deductions, say advocates for the proposal.

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.

Marlene, a 75-year-old listener, wrote in to ask whether she could give her 50-year-old son $17,000 to help with student loans and get a tax deduction in the process. According to Orman, the answer is ...

Gifting Bitcoin in 2025? Learn how the IRS treats crypto gifts, what counts toward the $19,000 exclusion, when to file Form ...