The Child Tax Credit is a critical resource for millions of families. But under current law, many taxpayers will see the credit cut in half in 2026 if Congress doesn’t act this year.
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What tax proposals could be in play during President Trump’s first 100 days in office?
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A donor-advised fund and your estate plan can interact in several ways, primarily in terms of charitable giving, tax benefits and wealth transfer strategies.
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You never know when a critical grant or promised donation will fall through. But if your nonprofit has adequate operating reserves, it’ll be better positioned to weather financial shocks.
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Is retirement on the horizon? Plan ahead for the tangle of tax implications you may face.
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For 2025, inflation-adjusted changes were made to certain business tax provisions. Here’s how much your employees can contribute to their 401(k)s and FSAs this year, as well as other important business tax amounts.
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An inheritor’s trust can provide creditor protection and wealth preservation. Here are the details.
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Has your nonprofit lost its tax-exempt status because you forgot to file information returns? Good news! Most organizations can file for reinstatement from the IRS. Here’s how.
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How much of your 2025 earnings are taxed for Social Security? How has the standard deduction increased in 2025? Here are some answers to these and other tax questions you may have.
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An important deadline is coming up fast for businesses with workers. Here’s what’s due on Jan. 31.
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Reference this tax calendar to learn the 2025 deadlines for various tax-related forms and payments.
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The price of gas is slightly higher than it was a year ago. How does this affect the amount you can deduct for business driving in 2025? Here’s the latest on the cents-per-mile rate for this year.
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You may spend years building up your traditional IRA, but there is a time when you must start taking withdrawals. Here are answers to frequently asked questions about required minimum distributions.
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Small business owners can potentially claim large first-year depreciation deductions for heavy vehicles and home office deductions. The combination can result in major tax savings. Here’s how.
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Understanding federal estate tax laws can be complicated — even more so if you or your spouse is a noncitizen.
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There are some tax-savvy ways to build education savings and pay for college. Here’s how to help maximize education funds and minimize financial stress.
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Nonprofits with offshoots or multiple chapters may want to look into creating a federated structure. Among potential benefits are economies of scale and higher visibility. We also describe some pitfalls.
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Good branding uses language, visuals, associations and other devices to differentiate an entity from its competitors and mold public perceptions of it. How’s your nonprofit’s brand faring?
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It’s often said that the main reason parents put off creating an estate plan is the difficulty of choosing a guardian for their child. Here are the answers to some common questions about guardianship.
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Discover the key benefits and potential pitfalls of operating your business as a C corporation.
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