Wednesday, July 20, 2011

Nonprofits Fear Tax Limit On Charitable Deductions | The Jewish Week

Nonprofits Fear Tax Limit On Charitable Deductions | The Jewish Week: "In its ongoing efforts to raise the debt ceiling before the Aug. 2 deadline, the Obama administration has gone back to an idea it had already proposed twice before—that of limiting the tax deduction for charitable donations. The suggestion has alarmed several Jewish nonprofit groups and catalyzed them to lobby congressional leaders against adopting such a policy."

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