Tag: Itemized Deductions

3 posts

Charitable Giving Tax Benefits for Minnesota Donors: 2025-2026 Guide

Maximize your charitable giving tax benefits with Minnesota's unique non-itemizer deduction and new 2026 federal changes under OBBBA. Complete guide to strategic giving.

John C Thompson, EA

Nov 15, 2025

Read: Charitable Giving Tax Benefits for … 11 min

Three small houses sitting on a piece of paper

Tax Planning

SALT Deduction Jumps to $40,000: Planning Strategies for High-Tax States

The OBBBA Act increases the SALT deduction cap to $40,000 through 2029. Learn about the new limits and phase-out rules.

John C Thompson, EA

Sep 15, 2025

Read: SALT Deduction Jumps to $40,000: … 6 min

Tax deductions and credits comparison chart and calculations

Tax Basics

Tax Deductions vs Tax Credits - Which is better for you?

Understand the difference between tax deductions and tax credits, how each reduces your tax burden, and which provides more benefit in various situations.

John C Thompson, EA

Aug 10, 2024

Read: Tax Deductions vs Tax Credits - Which is … 4 min