A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

Discover the basics of how the IRS tax refund works. Learn strategies for maximizing them and tips on how to use them wisely.

The platform's new feature addresses a gap in traditional DAF giving, bolstering advisors' ability to do tax-efficient ...

During tax season, many taxpayers wonder if their donations qualify for tax deductions. It's crucial to understand that not ...

Although the term “waste, fraud and abuse” has been linked to federal government spending tax dollars, much of this is ...

Wealthy people don’t always spend all of their money on nice houses and cars. Some try to pay their good fortune forward by ...

Many of our clients are interested in engaging in global philanthropy. These individuals often want to benefit charitable causes outside of the ...

Since we’re into tax season now, I wanted to take a few minutes to tell you about donor-advised funds. DAFs are not new; they ...

A long-term decline in Americans’ participation in charitable giving accelerated during the Covid-19 pandemic.

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

While the donation is irrevocable, it can grow tax-free in the DAF while the decision ... Internal Revenue Service. "Donor-Advised Funds." Internal Revenue Service. “Charitable Contribution Deductions ...