We're all familiar with common tax deductions like mortgage interest, charitable donations, and retirement contributions. However, there are plenty of unexpected deductions and other little-known ...

A simple tax strategy called “bunching,” or “bundling,” can let taxpayers who don’t normally qualify for itemized deductions get access to the charitable deduction. All it requires is a ...

However, claiming the charitable contribution deduction is subject to numerous rules. For instance, your donation must be made to a qualifying organization, and the deductions for some ...

Tax-deductible donations include money or goods you contribute to tax-exempt organizations. Plus, your charitable giving can benefit you if you take a charitable contribution deduction.

You need to itemize to take a tax deduction for your charitable donations, but fewer people itemize now that the standard deduction has doubled. Even if you don’t itemize, there are other ways ...