Tagged as ‘charitable deduction limits’

10/31/11 Charitable Deduction Limits: Limiting Only to Nonprofits?

As part of the larger debate on Capitol Hill about jobs, deficit reduction and increasing taxes on the wealthiest Americans, the Senate Finance Committee and the Joint Select Committee on Deficit Reduction (aka the Supercommittee) are considering proposals that would increase tax revenues by limiting the deductibility of charitable donations. But over 2,000 nonprofits agree […]