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Drake Software blog for tax pros, covering tax, IRS news, and more

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Charitable Giving Down in Wake of Tax Reform

Bob Williams - June 21, 2019
Charitable Giving Down in Wake of Tax Reform

An organization that tracks charitable giving in the U.S. says it appears the new tax reform measures were a factor in decreasing donations to America’s charities.…

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IRS Clarifies Charitable Contribution Regs

Bob Williams - August 24, 2018
IRS Clarifies Charitable Contribution Regs

The Department of the Treasury and the IRS have issued some clarification on proposed regulation changes covering deducting charitable contributions when there’s also a state or local tax credit for the same contributions.…

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