Thursday, October 03, 2013

Tax Deductions for Charitable Contributions Getting Cut in Some States

Tax Deductions for Charitable Contributions Getting Cut in Some States: States that have tinkered with one of the most sacrosanct of all tax write-offs – state income tax deductions and credits for charitable contributions – have seen their local charities suffer the backlash. Their decisions offer insight for other states and for federal officials who are contemplating reducing or eliminating tax incentives for charitable giving.

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