Monday, July 25, 2011

UNITED WAY: Preserve tax deduction for donations - The Middletown Press : Serving Middletown, CT

UNITED WAY: Preserve tax deduction for donations - The Middletown Press : Serving Middletown, CT: "The ability of donors to deduct contributions to charity from their taxes is part of the success of America’s charitable tradition. One of United Way Worldwide’s top public policy priorities is to preserve the deduction so we can continue to fund and provide services for families and individuals in need.

The current deep economic recession is already causing reductions in giving to many United Ways and agencies that rely on United Way support. According to the Independent Sector, there has been an overall decline in charitable giving to nonprofit organizations by $25 billion a year. Limitations on charitable giving tax incentives would further reduce charitable contributions."

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