March 20, 2008

Charitable Deductions Rose in 2005, Report Says

By Grant Williams

Statistics released by the Internal Revenue Service show that deductions claimed for charitable contributions rose to $183.4-billion in 2005, compared with $165.6-billion in 2004, an increase of nearly 10.8 percent. From 2003 to 2004, deductions claimed for charitable contributions increased by 13.6 percent.

The IRS figures show that the average contribution claimed on donors' tax returns rose from $4,076 in 2004 to $4,432 in 2005, the highest average donation recorded in the

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