Defining success in philanthropy depends entirely on the goals an investor is trying to achieve, whether these are social, wealth transfer, personal or tax-deductibility objectives. With the passage ...

The recently enacted H.R. 1, the so-called One Big Beautiful Bill Act (OBBBA), extends many of the provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) that were due to sunset at the end of this ...

California Conservation Corps crews place silt socks around burned homes in Pacific Palisades in preparation for the expected rain on Jan. 25. (Christina House / Los Angeles Times) After the January ...

LOS ANGELES — After the January fires that destroyed thousands of residences, victims who lost their clothing, furniture and other possessions faced a daunting task: creating a list of itemized losses ...

Americans can look forward to bigger standard deductions on their 2026 taxes and higher standard deductions on their 2025 taxes, thanks to inflation and the GOP’s One Big Beautiful Bill Act. On ...

For a long time, the standard deduction has been a straightforward option for many U.S. taxpayers. It allows most filers to reduce their taxable income without needing to itemize deductions. The ...

The IRS has released new federal income tax brackets for 2026, the agency announced in a news release published on Thursday, Oct. 9. The updates are due to changes in inflation and a new tax law that ...

The IRS has set the 2026 tax brackets and standard deductions, keeping seven rates in place while shifting the income thresholds upward to account for inflation and to reflect changes enacted in the ...

The Internal Revenue Service has unveiled annual inflation adjustments for tax year 2026 for more than 60 tax provisions, including tax rate schedules and other tax changes, with Rev. Proc. 2025-32 ...

The Internal Revenue Service (IRS) on Thursday announced annual inflation adjustments for dozens of tax provisions, along with changes made under the One Big Beautiful Bill Act (OBBBA). The IRS' ...

TAMPA, Fla. (WFLA) — The Internal Revenue Service has announced new tax inflation adjustments for the 2026 tax year. Thursday, the IRS posted several notable changes, including those from the ...