The AFP Blog: Congress and the Charitable Deduction

From the AFP Blog


The AFP Blog: Congress and the Charitable Deduction: "Monday, May 16, 2011
Congress and the Charitable Deduction
I received another call from a reporter yesterday about whether or not Congress is going to change the charitable deduction.

We’ve heard this before but this time the threat is very real. In previous go-rounds the proposal was attached to polarizing legislation that wasn’t likely to pass—first a healthcare reform package and then an ambiguous deficit reduction plan. This year, the cap has been applied to legislation regarding the Alternative Minimum Tax (AMT). Fixing the AMT is a very popular idea in Congress, so it’s a potential runner."