Author: Courtney Healy
The Illinois Gives Tax Credit offers a 25% income tax credit for gifts to community foundation endowments. Learn how it works and what it means for your planning.
R&D costs got a major update. Under the OBBB, businesses with 2022–2024 expenses have three options for how to handle them, each with big implications for tax and cash flow.
The Illinois Attorney General has rolled out an online filing system. Charitable organizations will be required to use this system for all their filings.
Recent updates brought by the One Big Beautiful Bill (OBBB) may not change nonprofit tax rules directly, but they could influence donor giving patterns.