January 13, 2013
New Tax Measures: How They Could Affect Giving in 2013
Who’s covered: Individuals with taxable income of more than $400,000 ($450,000 for married couples).
What they face: Tax-rate increase from 2012’s top rate of 35 percent to 39.6 percent.
How it affects a donor’s tax break: Because the charitable deduction is tied to a person’s tax bracket, these donors will now save $39.60 in taxes for every $100 they give to charity. In other