Charitable deductions

Businesses donating to charitable funds in exchange for a state tax credit can deduct those costs from their federal taxes, according to regulations released on Friday.

The Senate and House passed bipartisan legislation to help nonprofits remain financially viable during the COVID-19 pandemic.

Nonprofits, lawmakers and others want to see more giving from fund donor-advised funds, which have grown popular recently because they’re so flexible.

It won’t count as income to employees, but they also won’t be able to deduct it.

The Senate voted 96-0 late Wednesday to approve a sweeping $2.2 trillion stimulus package to help the nation emerge from the coronavirus pandemic.

They’re still valuable, but require stricter attention to the rules than ever.

Here’s a look at the most significant decade for the fastest-growing giving vehicle.

Teach clients to avoid the end-of-the-year rush to make the most of their donations.

Here are some of the most commonly used vehicles for tax-advantaged giving your clients can deploy all year round.

There are a host of ways to make the most of the month ahead.