The Charitable Income Tax Deduction is under attack. Serious attack.
Right now, Congress and the President are looking for revenue wherever they can find it, and they're turning their attention to the charitable sector. Members of Congress met regularly last week and openly discussed how to effectively limit or even eliminate the Charitable Deduction for taxpayers ... a move that could devastate U.S. charities across the board.
Only a select group of entrepreneurs ever have the opportunity to sell their successful company for a sizeable gain. Many of these business owners have a heart to give charitably, but don’t know where to turn for wise counsel in the midst of a ... read more