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Categories

Law and Legal Studies

Tax Law

Alternative Minimum Tax (AMT)

529 Plan Contribution Limits

Basic Tax Terminology

Charitable Contribution Deduction Rules

Child Tax Credit

Capital Gains Tax Rates

Common Tax Credits

Digital Economy Taxation

Estate and Inheritance Taxes

Foreign Account Tax Compliance Act (FATCA)

Filing Status Categories

Gift Tax Exclusion

IRA Withdrawal Rules

IRS Audit Triggers

Historical Tax Legislation

Important Tax Forms

Key Tax Dates and Deadlines

Medical Expense Deductions

Types of Taxes

U.S. Federal Income Tax Brackets

Transfer Pricing Regulations

Value Added Tax (VAT) Basics

Retirement Account Contribution Limits

Sales Tax Rates by State

Taxation of Partnerships and S Corporations

Tax Accounting Methods

Tax Treaties Explanation

Tax Deductible Expenses for Self-Employed

Tax Exemptions and How They Work

Tax Deductions Overview

Charitable Contribution Deduction Rules

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Property Donations to Public Charities

Deduction Limited to 30% of Adjusted Gross Income (AGI)

Conservation Easement Contributions

Deduction Limited to 50% of AGI or 100% for qualified farmers and ranchers

Charitable Lead Trusts

Potential for gift or estate tax deduction for the present value of the charity's interest

Cash Donations to Public Charities

Deduction Limited to 60% of Adjusted Gross Income (AGI)

Charitable Remainder Trusts

Immediate tax deduction for the present value of the remainder interest

Donations of Clothing and Household Items

Deduction for items in good used condition or better; fair market value basis

Intellectual Property Donations

Deduction at fair market value or basis, whichever is less; various limitations apply

Vehicle Donations

Deduction based on the charity's actual selling price of the vehicle

Artwork Donations

Deduction based on appraisal value; subject to 30% AGI limit for public charities

Excess Contribution Carryforward

Unused deductions can be carried forward for five subsequent tax years

Food Inventory Contributions

Enhanced deduction up to 15% of taxable income for C corporations

Qualified Charitable Distributions (QCDs) from IRAs

Excludes from income rather than a deduction; limit of $100,000 per year for individuals 70½ years old or older$

Stock Donations

Deduction at Fair Market Value, limit of 30% AGI for Public Charities and 20% for Private Foundations

Cash Donations to Private Foundations

Deduction Limited to 30% of Adjusted Gross Income (AGI)

Property Donations to Private Foundations

Deduction Limited to 20% of Adjusted Gross Income (AGI)

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