January 15, 2009
Charitable Deductions Fell in 2006, Report Says
Deductions for charitable contributions in 2006 declined after adjusting for inflation, according to statistics released by the federal government.
Americans deducted $186.6-billion in charitable gifts in 2006, 1.8 percent more than the $183.4-billion in charitable deductions they claimed in the 2005 tax year, the Internal Revenue Service reported.
After adjusting for inflation, the total deductions for charitable contributions fell 1.4 percent in 2006 — the first
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