News
Potential tax law changes may affect charitable giving
The Congressional Budget Office recently released a new study entitled, Options for Changing the Tax Treatment of Charitable Gifts.
In summary, the deductibility of charitable donations has been a feature of the U.S. individual income tax almost as long as the modern income tax has been in existence. Nevertheless, concerns about the cost, equity, and efficiency of the deduction have prompted many proposals to change the tax treatment of charitable contributions.
To see details of the study, please click here.