Tuesday, May 07, 2013

Philanthropy beat: Minnesota charity tax break is under scrutiny | StarTribune.com

Philanthropy beat: Minnesota charity tax break is under scrutiny | StarTribune.com: The charitable tax deduction used by 173,000 Minnesotans who don’t itemize their income tax returns would end under a House proposal before a legislative conference committee.

It would be replaced by a charitable tax credit. That credit would not allow the donation to be deducted — dollar for dollar — from the filer’s taxable income.

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