Feelings mixed on donations cap - billingsgazette.com

Feelings mixed on donations cap - billingsgazette.com: "Feelings mixed on donations cap
By BRAD FJELDHEIM
Of The Gazette Staff
A proposed change to the rule governing tax deductions on donated items may affect business at Billings thrift stores.
The federal government is concerned that people claiming deductions for charitable donations are reporting more than their items are worth. Any donation more than $5,000 requires an appraisal, but the U.S. Senate Finance Committee is considering a proposal to lower the cap to $500 to help reduce what it thinks represents a $1.9 billion difference"