The Chronicle, 11/18/2005: Senate Passes Measure on Charity Tax Breaks, Restrictions on Nonprofit Groups

The Chronicle, 11/18/2005: Senate Passes Measure on Charity Tax Breaks, Restrictions on Nonprofit Groups: "Senate Passes Measure on Charity Tax Breaks, Restrictions on Nonprofit Groups

By Grant Williams
Washington

The U.S. Senate on Fridaypassed legislation containing incentives designed to encourage charitable giving while also taking steps to ensure that donors are not inflating their tax write-offs. But the bill would also remove a key incentive for some donors.

Among the key provisions of the measure: People who do not itemize deductions on their tax returns would be allowed to write off a portion of their charitable donations. Individuals could write off the sums above $210 that they donate each year to nonprofit organizations; couples filing jointly could write off the amount that exceeds $420."