On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

For federal income tax purposes, you can only deduct contributions to qualified tax-exempt charitable organizations. Donations to individuals are never deductible ... thank you letter or receipt.

so always ask for receipts or acknowledgment letters. Campaign donations play a critical role in shaping the political landscape, but unfortunately, they are not tax-deductible. The IRS treats ...

The bass-baritone reclaims the 'mystifyingly impenetrable' nature of the sacred ritual as a device for fueling rebirth.

Peregrine falcons have long nested atop the Fruitvale Train Bridge, hunting prey and raising their young. One particularly ...

When it comes to donating stocks, the key to maximizing the tax advantages comes down to whether or not your investment is ...

As nonprofits across Massachusetts face uncertainty over the future of federal funding, some are also expressing concern over ...

Labor has enlisted the public service to take down another tax break from the opposition, as Treasury warns that a proposed deduction for charitable food donations could allow companies to pocket ...

"We need charitable giving to go up, not down. So the governor's proposal raises a lot of concerns," said Jim Klocke, CEO of ...

Several taxpayers who reported making donations to political parties and claimed deductions under Section 80GGC have started receiving messages from the Income Tax department urging them to verify ...