- Economic Impact
|"Fiscal Cliff" Charitable Deduction Debate|
To place a percentage or aggregate cap on the value of the charitable deduction. Read more at www.independentsector.org.
Independent Sector is the national coalition of nonprofits and foundations that advocates for the charitable sector and equips them to succeed.
While the American Taxpayer Relief Act of 2012 (H.R. 8) does not cap itemized deductions, it does reinstate the Pease provision which limits deductions on incomes above $300,000 for joint filers and $250,000 for individuals. Read more at www.independentsector.org.