The tax law rewards generosity by individuals and businesses. Legislation in recent years has changed some breaks and created new ones. Join Barbara Weltman as she walks though the tax rules for deducting charitable contributions by individuals and businesses.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Publication Date: July 2026
Topics Covered
- Eligible charities to receive tax-deductible contributions
- Substantiation rules for charity and property donations
- New floors for deductions by individuals who itemize and C corporations
- Adjusted gross income limitations for deductions by individuals who itemize
- Deduction for non-itemizers
- Taxable income limitation for deductions by C corporations
- Enhanced deductions for certain donations by C corporations
- Special rules for donations of intellectual property
- Treatment of contributions to donor advised funds
- Donations of partial interests in property
- Unique rules for conservation easements
- Special rules for qualified charitable distributions
- Overvaluation penalties
Learning Objectives
- Recognize which organizations are IRS-qualified to accept tax-deductible contributions
- Describe substantiation rules for charitable gifts
- Describe the new limitations on charitable deductions for individuals who itemize and C corporations
- Explain the new charitable deduction rule for non-itemizers
- Identify various special charitable-giving situations, such as those involving intellectual property and bargain sales
- Recognize the sophisticated ways in which to make charitable donations
- Recognize the special rules for conservation easements
- Describe the rule for qualified charitable distributions
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
Instructor
Barbara Weltman
Barbara Weltman, JD, has written extensively on a wide variety of tax, small business, and financial planning matters for both professionals and the general public. The Wall Street Journal called her “the guru of small business taxes.” She is the author of a number of self-study programs for CCH. She is publisher of Big Ideas for Small Business® and Idea of the Day® found at www.BigIdeasForSmallBusiness.com and is a guest blogger for the SCORE and many other sites. Ms. Weltman is a graduate of Brooklyn Law School.