Topic
Charitable Contribution Deduction
256 published works
Nonprofit Law Prof Blog
Giving USA: ’08 Charitable Donations Down 5.7%
The Boston Globe, New York Times, and Washington Post all report that the Giving USA Foundation's annual report on charitable contributions finds that gifts and pledges in 2008 declined 5.7…
Nonprofit Law Prof Blog
Obama Administration Continues to Push Limit on Charitable Contribution Deduction
The Chronicle of Philanthropy reports that the Obama administration has reiterated its support for capping the tax breaks that wealthy individuals receive for itemized deductions, including charitable donations. According to…
Nonprofit Law Prof Blog
Charitable Carryover Deductions Expire Each Year
In a recent opinion, Maddux v. Commissioner, T.C.Summ.Op., 2009-30, the Tax Court ruled that a taxpayer could not use a carryover charitable deduction that had expired. Note that this case was…
Nonprofit Law Prof Blog
“Sense of the Senate” Spells Doom for President’s Charitable Contribution Deduction Proposal
Below is the "Sense of the Senate" provision of the Edward M. Kennedy Serve America Act (Section 6102). Note what it says (6102(b)) about the charitable contribution deduction as it…
Nonprofit Law Prof Blog
“Quiet Crisis: The Impact of The Economic Downturn on The Nonprofit Sector”
The Democratic Leadership Council (DLC) has issued a rather stark report entitled "Quiet Crisis: The Impact of the Economic Downturn on the Nonprofit Sector." Ironically, my quick read tells me…
Nonprofit Law Prof Blog
Libertarian Bob Barr Says Obama’s Tax Policies Hurt Nonprofits
In a column in the Atlanta Journal-Constitution, former Congressman and Libertarian candidate for President criticizes the Obama administration for proposing to limit the deductibility of charitable contributions for high-income households.…
Nonprofit Law Prof Blog
Continuing Debate about Limiting Charitable Contribution Deduction for High-Income Donors
We previously blogged about the Obama Administration's proposal to limit the availability of itemized deductions for taxpayers with over $250,000 of income, reactions to that proposal from Harvey Dale and…
Nonprofit Law Prof Blog
Is There Trouble On The Horizon – Secretary Geithner Hints That Maybe The Administration Will Reconsider Limiting The Charitale Tax Deduction in the Proposed Budget
The Wall Street Journal reported yesterday, March 5, that:President Barack Obama is meeting strong Democratic Party resistance to his proposal to reduce tax deductions enjoyed by upper-income Americans and could…
Nonprofit Law Prof Blog
Study Released Today Supports Claims Made in Earlier Posts that Tax Limits on Charitable Deductions Will Cause Minimal Decline in Giving
Suzanne Perry reports in The Chronicle of Philanthropy on a study released today, March 3, 2009, by the Center on Budget and Policy Priorities. This center is a national policy…
Nonprofit Law Prof Blog
It’s Begun . . .
Reuters has posted the first of what I'm sure will be many stories about charities' concerns over the effect of Obama's tax plan on donations, a subject I posted about…