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Charitable Tax Deductions

Goals Worth Fighting For

Robert L. Lynch | Posted 01.27.2017 | Arts
Robert L. Lynch

At a time when many of us are wondering what the future holds for the arts, it brings me great pleasure to stop and recognize elected leaders who alre...

Some Legal Aspects of Donor Restricted Charitable Gifts

Brad Reid | Posted 12.05.2016 | Business
Brad Reid

Donors to charities may typically restrict gifts with language in a deed (for example, land conveyed for a public school), a grant agreement contract ...

Must Read Tax Tips for LGBT Couples

David Rae | Posted 03.16.2017 | Queer Voices
David Rae

Whether you've been together for years or decades, as newlyweds your 2015 taxes may be the first time as an LGBT married couple you'll be filing jointly on your federal return.

What Do Extenders Mean to Your Taxes

Mark Steber | Posted 12.17.2016 | Business
Mark Steber

Each year, many children across the world wait to see what Santa will bring them for Christmas. But if you're into taxes, the jolly fellow isn't anywhere on your radar. Instead, you're waiting to see what Congress gives you this year -- hopefully by the time you read this piece.

Start Now for a Healthy 2016

Mark Steber | Posted 11.30.2016 | Business
Mark Steber

For most Americans, it would be a stretch, but let's just say you want to give someone a big cash gift this year. Let's say you're feeling really generous and want to give your BFF $10,000 dollars. Guess what? They would not have to pay any taxes on it.

Cuban Overtures: On the Road With the Minnesota Orchestra

Jesse Rosen | Posted 05.19.2016 | Arts
Jesse Rosen

Cultural diplomacy is what the policy wonks call it. On the ground in Havana with the Minnesota Orchestra, Marilyn C. Nelson, the orchestra's vice chair and tour underwriter, calls it love.

The IRS Challenges Tax Deductions for Facade Conservation Easements

Brad Reid | Posted 09.06.2014 | Business
Brad Reid

Conservation easements preserve ecosystems, open spaces, and appearances. Almost all states have legislation allowing a landowner to donate or sell de...

6 Tips for Tax-smart Charitable Giving

Tim Chen | Posted 01.25.2014 | Business
Tim Chen

What follows are some key pointers in giving to charity while also reducing your tax burden.

The Limits of Philanthropy

Uri Dadush | Posted 05.18.2013 | Impact
Uri Dadush

Ordinary Americans are not only big spenders, they are also big givers -- donating more than twice as much as the British, over eight times as much as the Germans, and over eleven times as much as the French, as a share of their income.

Nonprofit Leaders Testify To Keep Charitable Tax Breaks

The Nonprofit Times | Posted 02.15.2013 | Impact

Extending the charitable deduction to all taxpayers – not just itemizers – and allowing donations until April 15 to be counted in the previous tax...

Leadership Needed To Protect Charitable Deduction

Eva M. Clayton | Posted 04.12.2013 | Impact
Eva M. Clayton

Recent actions in Washington and within our court system show that our charities are on the brink. Without leadership or public outcry there will continue to be slow creep at existing law and legal precedent. At present, this erosion of our legal and social contracts has manifested itself in two ways.

Last-Minute Charity Tips For Year-End Giving, 2012 Tax Deductions

The Huffington Post | Jessica Prois | Posted 12.29.2012 | Impact

As fiscal cliff ambiguity continues, some donors are increasing charitable contributions, while others are delaying gifts until the fate of tax deduct...

Twas the Night After Christmas -- and Before the New Year

Claudia Jacobs | Posted 02.19.2013 | Politics
Claudia Jacobs

Could we tinker with the charitable deduction and improve it without killing the incentive to give? Could we more sharply define, donating to the public good, the difference between a seat on a prestigious museum board and housing the homeless?

Sabrina Siddiqui

Major Nonprofit Coalition Backs Obama's Plan To Raise Taxes On The Rich | Sabrina Siddiqui | Posted 12.13.2012 | Politics

WASHINGTON -- President Barack Obama added another powerful budget negotiation ally when one of the nation's largest and most prominent charity coalit...

Buffett: Cap On Charitable Deductions Won't Change Giving By Even A 'Penny' | Posted 11.28.2012 | Impact

With "fiscal cliff" discussions going on in Washington, non-profits are already in combat mode over the potential for a cap or limit on charitable tax...

Nonprofits and the Fiscal Cliff

Aaron Dorfman | Posted 01.26.2013 | Politics
Aaron Dorfman

It generally prefers private charity to government, when both are necessary to meet society's needs. But what about the other organizations? Why aren't they advocating as forcefully for higher tax rates on the rich as they are against changes to the charitable deduction?

Charitable Tax Deductions Could Take Hit During Lame Duck Session

Posted 11.14.2012 | Impact

Congress could choose to change the limitations on charitable tax deductions during its lame-duck session aimed at tackling expiring tax laws and auto...

Mitt Romney on Charitable Deductions: A $25,000 Cap?

Lee Rosenbaum | Posted 12.18.2012 | Arts
Lee Rosenbaum

Would capping charitable deductions at a low figure (like Romney's hypothetical $25,000) be the death knell for mega-donations that are the lifeblood of cultural institutions?

Defend the Charitable Tax Deduction

Kevin K. Murphy | Posted 11.27.2012 | Impact
Kevin K. Murphy

It would be a huge mistake to begin tinkering with the charitable tax deduction. Congress should take no action that reduces the incentives to support the critical work of the non-profit sector.

5 Charitable Donation Tax Deduction Tips You Need To Know

Posted 04.14.2012 | Impact

Most gracious givers don't perform altruistic acts completely selflessly. Charitable tax deductions can be a big plus come tax season, and we've compi...

Philanthropy Visits the Nation's Capital: Why?

Kevin K. Murphy | Posted 05.22.2012 | DC
Kevin K. Murphy

Our nation was built, in part, on the unique relationship between generous donors, the foundations they created, and the government our people elect.

Now Is Not the Time to Discourage Charitable Giving

William Daroff | Posted 04.24.2012 | Impact
William Daroff

Although the White House has indicated that its tax reform proposals would not put charities at a disadvantage, the administration's FY2013 budget disincentivizes large charitable gifts.

Protecting Charities With Tax Breaks

William Daroff | Posted 04.13.2012 | Impact
William Daroff

The apparent turnaround late last month by the Obama Administration recognizing the importance of tax incentives to bolster charitable giving is good ...

Last Day To Donate In 2011: Where To Give To Make Sure You Get Your Tax Break

Posted 03.01.2012 | Impact

When the clock strikes midnight tonight, it marks the cut-off for receiving tax breaks on 2011 charitable giving. Make your donation as late as mid...

Making a Difference: The World of Giving -- Year-end Giving and Tax Deductions

Lisa M. Dietlin | Posted 02.26.2012 | Impact
Lisa M. Dietlin

Many donors rush to make their charitable contributions before each year ends. Let's look at the reasons why they do this.