Charitable deductions

Financial advisors can help translate desires and values into a concrete giving plan — one that may yield tax savings along the way.

Affluent investors typically have more complicated financial lives and more ways to get things wrong when filing federal tax returns in 2023.

A chief counsel memo says taxpayers who want to claim tax deductions for donating cryptocurrency need to first receive a "qualified appraisal" if the amount exceeds $5,000.

The new year brings a new tax season and the opportunity to advise clients on ways to save money on their taxes.

From sea changes with inherited retirement plans to the ETF juggernaut, here's what advisors grappled with for affluent clients.

More tax savings means happier clients and potentially wealthier financial advisors.

Donor-advised funds are under scrutiny for providing a tax break but not funneling money to charities.

The flow of money from private foundations to donor-advised funds has jumped substantially in recent years, highlighting the increasing use of a controversial loophole in charitable law, a new audit shows.

Donor-advised funds, favored by rich businessmen and celebrities, rack up tax benefits while delaying charitable giving.

DAFs have been receiving more than half their contributions from complex assets such as shares of public and private companies, real estate and cryptocurrency in the past five years.

The guidelines can help planners with charitably minded clients steer clear of compliance thickets and run-ins with the IRS.

The pandemic-related tax provision permits more people to deduct donations to qualifying charities on their 2021 federal income tax return.

Donor-advised funds increased their donations to charities last year in response to the COVID-19 pandemic, hitting the biggest levels in over a decade.

Holders of donor-advised funds increased their disbursements last year in response to urgent demands for greater charitable contributions to cope with the COVID-19 pandemic.

While qualified contributions won’t necessarily give clients the biggest tax bang for their buck, there are exceptions to the rule, Jeffrey Levine writes.

The one-two punch of major tax laws passed within four months of each other creates some interesting puzzles for advisors to solve.

Depending on the economy and the election, they could be on the chopping block as soon as 2021.

Several significant changes are probably in store for next tax season.

Major donor-advised fund providers said they’re using webinars, podcasts, social media and emails to nudge clients to give.

Strategies include utilizing charitable trusts to split benefits between multiple beneficiaries and taking advantage of donor-advised funds.