Friday, January 13, 2006

WROC TV NEWS 8 NOW ROCHESTER NEW YORK - Local Story

WROC TV NEWS 8 NOW ROCHESTER NEW YORK - Local Story: "Proposed legislation called the Charitable Giving Act of 2005 would change that, allowing non-itemizers to claim deductions for a portion of their charitable contributions.

'It wouldn't be necessary to itemize your deductions to get some tax benefit,' said Steven Friga tax preparer and Tax Director at Brighton Securities.

Charitable organizations believe proposed legislation would increase overall donations by billions of dollars each year.

'It would encourage people to give money who do not itemize.'

This latest legislation is still up for debate with passage not expected until March of 2006."

No comments: