Will New Tax Laws Impact Your Giving?
In 2025, you can deduct charitable contributions only if you itemize deductions on your federal income tax return.
Beginning in tax year 2026,
An above-the-line charitable deduction has been reinstated for taxpayers who claim the standard deduction.
New Tips Deduction Explained
Workers in up to 68 occupations can reduce their tax cost by using the tip deduction.
