October 13, 2005
Charitable-Giving Bills Proposed in Congress
Members of Congress have introduced legislation that would offer new tax breaks to spur charitable giving.
One key provision of the House and Senate bills would allow people who do not itemize deductions on their federal income-tax returns to write off some of their charitable gifts.
Another provision would permit older people to shift money from their individual retirement accounts directly to charity without paying federal income tax on the withdrawals.
The House and
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