New Deadline for Tax-Free Giving Stalls in Congress, but Supporters Fight On - Tax Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Despite the efforts of some nonprofit leadership organizations, Congress is unlikely to pass a measure before it adjourns that would extend the deadline for claiming a charitable deduction until tax day, April 15.
For now, lawmakers are working on legislation that would extend for a year several existing tax provisions that have expired or will soon expire. Many of those provisions are designed to encourage charitable giving, including favorable tax treatment of donations made from Individual Retirement Accounts, land-conservation donations, and gifts to food banks."
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