Q. Hi, Dan. I don’t understand why people are talking about the new deduction for charitable gifts next year. Haven’t charitable gifts always been deductible? — Carl in Rockledge A. Carl, for millions ...

The One Big Beautiful Bill Act is transforming the deductibility of charitable contributions for high-income taxpayers, introducing a series of new limits and incentives that will take effect in 2026, ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

The last thing anyone wants to think about at year-end is taxes, but it’s the first thing you should think about, advisers say. President Donald Trump’s signature tax and spending package introduced ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...

You might be putting up a tree or decorating your home now, but you'll be filing your 2025 taxes before you know it. Peter is a writer and editor for the CNET How-To team. He has been covering ...

Page from the Aztec codex Matrícula de Tributos(History and Art Collection/Alamy Stock Photo) Before the Spanish arrived in 1519, the highest officials of the Aztec Empire could count on the provinces ...

When you donate to charity, you're not only giving back — you could be getting back, too. Donating to qualified organizations can enable you to reduce your taxable income, which can put you into a ...

Tax deductions are a way to reduce your taxable income and, consequently, your tax bill. You must meet eligibility criteria to claim a tax deduction. Many or all of the products on this page are from ...