Heard on the Web: Fiscal Talks Spur Charitable Giving

Heard on the Web: Fiscal Talks Spur Charitable Giving

News story posted in Income Tax on 10 December 2012| comments
audience: National Publication | last updated: 10 December 2012
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Summary

Writing for The Wall Street Journal, Laura Saunders and Hannah Karp report that tax uncertainty in Washington is setting off a mad scramble among wealthy taxpayers and charities to maximize donations before the end of the year. Their worry: The tax deduction for charitable giving, a fixture of the tax code for nearly a century, is coming under pressure as part of a broader fiscal agreement now being hammered out on Capitol Hill.

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