Charitable Contribution Deduction Limitation Increased
The deduction for an individual’s charitable contribution is limited to prescribed percentages of the taxpayer’s “contribution base.” Under pre-Act law, the applicable percentages...
The deduction for an individual’s charitable contribution is limited to prescribed percentages of the taxpayer’s “contribution base.” Under pre-Act law, the applicable percentages...
The Internal Revenue Service released the 2018 inflation-adjusted limitations for health savings accounts. In Revenue Procedure 2017-37, the IRS said the annual...
The IRS has reminded taxpayers making year-end charitable contributions to keep in mind current tax law requirements. To claim a deduction, donated...
To Our Clients and Friends: As we approach the end of the year, a recent Tax Court case is a good reminder...