charitable deductions

Congress Must Redesign the Charitable Deduction: How to Do It Well

In 2017 and again in 2020, Congress made deficient—but temporary—changes to the federal income tax deduction for charitable giving. By significantly increasing the standard deduction,...

: TaxVox

How New York State Responded to The SALT Deduction Limit

While other states are considering workarounds to the Tax Cut and Jobs Act’s (TCJA) $10,000 annual limit on the federal deduction for state and local...

May 14, 2018Frank Sammartino

: TaxVox

Charities Have Plenty of Opportunity to Advance Giving Despite Tax Law Losses

By substantially cutting the number of taxpayers who will receive a charitable deduction, the Tax Cuts and Jobs Act (TCJA) has created an opportunity for...

February 28, 2018C. Eugene Steuerle

: TaxVox

Permanent Breaks, Pharma Moves, Credits and Grace

Expect the House to approve some permanent changes in the charitable deduction this week. They include contributions of food inventory , real property for conservation purposes , and IRA distributions for charitable purposes. The measure would also allow individuals' charitable contributions made

July 15, 2014Renu Zaretsky