Extend the Charitable Deduction to Every American - Opinion - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Extend the Charitable Deduction to Every American - Opinion - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Extend the Charitable Deduction to Every American

By Thomas Peters

Much of organized philanthropy accepts the idea that the federal tax code’s charitable deduction is both a valuable motivator and an appropriate acknowledgment of charitable giving in America. Not surprisingly, whenever the idea is floated to change or abolish this current IRS provision, many philanthropic leaders quickly engage to block such a move.