Heard on the Web: Charitable Deduction Probably Safe for 2014, Say Experts
A recent article in the Chronicle of Philanthropy supports a widely held belief that the charitable income tax deduction is safe for at least the year 2014. What remains unknown is whether or not such items as the charitable IRA rollover will be extended again. This uncertainty makes it difficult for charities to campaign around such short lived benefits, essentially killing the strategy anyway. A new Ways and Means chairman will likely preclude any major tax overhaul this year, though. That could be good news for charities, at least for the short term.
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