Charitable donations hit a record high for the second consecutive year, with an estimated $373 billion last year.
Tax-exempt groups are in the news right now. Make sure you know which type of nonprofit allows donors to claim tax deductions, as well as the IRS rules for those gifts.
A proposed cap on tax deductions has charities worried.
GOP presidential candidate Mitt Romney decided not to claim almost $2 million in charitable donations. Would you do the same?