President Donald Trump's signature tax package, the One Big Beautiful Bill Act, is quietly reshaping how Americans give to charity by reopening the door to deductions for people who do not itemize.
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Legal fees as income? Why worry about deducting legal fees? Most ...
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IRS unveils major changes to tax deductions after new law hits
The Internal Revenue Service has started to spell out how the new tax law will reshape deductions over the next two filing seasons, and the numbers are big enough to change how millions of households ...
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