In general, prior to 2020, one who donated cash or property to charitable organizations could claim a tax deduction only if the donor itemized deductions in determining his or her tax liability. Further, deductions for...more
On December 18, 2015, Congress passed and President Obama signed into law the "Military Construction and Veterans Affairs and Related Agencies Appropriations Act." Section Q of the Act amends the tax code in several ways in...more
New Year's Day brought new tax legislation passed by Congress, called the American Taxpayer Relief Act of 2012 (the "Act"), which President Obama has signed into law. The Act has made some important changes to the tax law...more