How the CARES Act Changes Deducting Charitable Contributions

This article was published by the IRS. Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid or another cause that's personally meaningful to them, their charitable donations may be tax deductible. These deductions basically reduce the amount of their taxable income. Here's how the CARES Act changes deducting charitable contributions made in 2020: Previously, charitable [...]

Charities Can Visit IRS.gov for Tools and Resources about Taxes

Charitable organizations and other tax-exempt groups can visit IRS.gov for resources that will help them meet their tax obligations. Here is a list of resources with links to the information on IRS.gov: […]

With hurricane season underway, IRS warns of scams related to natural disasters

With hurricane season underway, the Internal Revenue Service is reminding taxpayers that criminals and scammers often try to take advantage of the generosity of taxpayers who want to help victims of major disasters. Hurricane season runs June 1 to Nov. 30, and taxpayers need to be vigilant of scams that will undoubtedly pop up when and [...]

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