The White House 2012 budget proposal takes aim at charitable deductions.
Posts Categorized: Charitable Deductions
Updated IRS Charitable Contributions Guide
Updated IRS pub on charitable deductions
Deficit Commission to Congress: “Eliminate the Charitable Deduction”
Among the recommendations of the President’s National Commission on Fiscal Responsibility and Reform is to eliminate the deduction for charitable contributions. While the report did not receive sufficient votes to require an up-or-down vote in Congress, this recommendation did catch the attention of Congress and, apparently, the White House. This is one of many issues …