Charities Can Expect Tough Questions on Tax Breaks - Tax Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: The charitable deduction took center stage at a Congressional hearing today as a string of nonprofit leaders warned lawmakers that messing with the tax break could have dire results.
Appearing before the House Ways and Means Committee, charity leaders and academic experts argued that limiting the value of the charitable deduction would dampen giving, forcing nonprofits to curtail services to vulnerable people, and that the tax incentive is unique because it rewards behavior that benefits society rather than the taxpayer.
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