Senate Finance Committee Holds Hearing on Charitable Deduction Reform

The Senate Finance Committee held a hearing on October 18th to discuss tax reform in the context of charitable deductions and incentives for charitable donations. Both researchers and representatives of charitable organizations testified at the hearing. The topics discussed included the treatment of public charities versus private foundations, changing the timing of charitable deductions, increasing the amount of deductions available for certain types of giving, and the foundation excise tax.

See Tax Reform Options: Incentives for Charitable Giving Before Senate Finance Committee, 112th Cong. (2011). With Thanks to Planned Giving Design Center.

Posted by Adam Bair, Associate Editor, Wealth Strategies Journal