The IRS said that religious leaders could endorse political candidates in churches and other religious centers without losing their tax-exempt status — carving out an exemption from a decades-old tax code provision prohibiting nonprofits and churches from direct political engagement.
Read MoreOne provision of the One Big Beautiful Bill Act that was signed into law by President Donald Trump is an increase in the estate and lifetime gift tax exemption to $15 million, indexed for inflation moving forward.
Read MoreIn November, Zimbabwe’s Finance Minister Mthuli Ncube announced that starting this month, churches in the country would be expected to pay taxes. The announcement caused apprehension among religious leaders, prompting the country’s tax agency, the Zimbabwe Revenue Authority, to clarify that the new tax would apply only to churches’ trading income, not tithes and offerings.
Read MoreWhile Uncle Sam grants Americans tax deductions for charitable giving, the government prohibits deductions for donations to political groups. But a growing number of donors on the left and the right have used “dark money” to exploit a simple work-around.
Read More(OPINION) There’s no need to pile even more scorn on Rep. Alexandria Ocasio Cortez’s “Tax the Rich” dress worn to a $35,000 per head gala. Instead, I want to focus here on the whole “tax the rich” idea. When have we heard this before?
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