This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

Since the 2017 tax reform, fewer donors are able to claim deductions for their gifts. But with the right strategies, you may be able to turn your generosity into tax savings this year—before new ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on itemized deductions claimed on Schedule A of Form 1040 ...

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 ...

As an investor, you’re always looking for ways to maximize returns, minimize taxes, and make your money work harder for you. This year, your charitable giving strategy presents a compelling, ...

You don't need to itemize to save on taxes in 2026. These 13 overlooked deductions and adjustments can lower your taxable income and reduce what you owe.

Here’s how to give wisely.

Just in time for Giving Tuesday, there's some good news for charities. The tax deduction for charitable giving is undergoing some changes next year thanks to the One Big Beautiful Bill Act, with a new ...

You can deduct 2025 holiday donations on your 2025 taxes if you claim itemized deductions. Trump’s tax and spending package will bring the biggest changes to charitable tax deductions in nearly a ...

Much of organized philanthropy accepts the idea that the federal tax code’s charitable deduction is both a valuable motivator and an appropriate acknowledgment of charitable giving in America. Not ...