Many taxpayers oversimplify the rules surrounding the charitable contribution deduction. Most are aware that contributions to public charities were previously deductible up to 50% of…
First Look at the Tax Cuts and Jobs Act
Impact on Individual Charitable Giving
On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law by President Trump. Numerous revisions to the tax code, most…
Rules for Tax Deductions On Charitable Contribution
Chief Counsel Advice
It has become common practice for some businesses to advertise that they will donate a certain percentage of their sales proceeds to altruistic causes or…