October 4, 2001
Deduction Gives Little Aid to Charities, Report Says
A proposal in Congress to allow people who don't itemize their income-tax deductions to write off up to $100 a year for charitable contributions will have little impact on giving, according to a congressional report.
The proposal is part of a broader bill aimed at helping faith-based charities qualify for federal funds. The legislation, H.R. 7, would allow people who do not itemize their taxes, estimated to be about 70 percent of all tax filers, to write off up to $25 in charitable
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