Five Minutes for Philanthropy

Tuesday, December 1, 2015

Congress to Act on Charitable Giving Tax Provisions

December 16 deadline for federal budget and tax changes are stirring talks about a possible shutdown showdown.

In the mix of the federal budget negotiations between Congress and the White House are tax extenders for IRA rollovers and deductions for conservation easements and food donations. Reforms affecting donor advised funds and Rep. Erik Paulsen’s (MN – 3rd District) bill to simplify the excise tax for private foundations are also being considered. MCF supports all of these proposed changes.

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