The IRS recently warned taxpayers to beware of fraudulent and abusive “Charitable LLC” tax schemes.
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The IRS recently reminded eligible senior citizens of 2024’s increased qualified charitable distribution limit for IRAs.
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A federal district court struck down the Biden administration’s 2024 update to overtime pay rules.
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Hundreds of nonprofit organizations, including ECFA, are urging Members of Congress to permanently restore a charitable deduction for non-itemizing taxpayers. This is your opportunity to join them!
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The Generosity Commission highlighted declines in giving and volunteering in a recent study. Among its suggestions for changing trajectories are a nonitemizer charitable tax deduction and further exploration of the role of faith in this space.
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Religious liberty activists are appealing to the U.S. Supreme Court after the state of Wisconsin denied Catholic Charities a tax exemption for ostensibly being insufficiently religious.
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A federal appeals court affirmed the U.S. Department of Labor’s decades-old practice of using a salary threshold to help determine eligibility for an exemption from overtime pay. Still, legal challenges to the Biden administration’s 2024 rule remain.
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ECFA told a federal court that a lawsuit filed against World Vision should be resolved in the ministry’s favor by a straightforward reading of civil rights law.
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A “Super Bowl of Tax” is coming in 2025, and one senator is signaling that charitable giving incentives are going to be part of that conversation.
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The IRS has issued several important updates about the Employee Retention Credit (ERC), a fully refundable payroll tax credit designed to assist employers affected by the COVID-19 pandemic.
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