Sunday, January 25, 2009

Three Tax and Economic Stimulus Proposals to Aid Charities

A recent op-ed in the Chronicle of Philanthropy set forth three tax proposals to aid charities:

    • Allow people to claim a double deduction for any increase in the amount they give to charity this year and next.
    • Expand the number of people eligible to give charities money from their individual retirement accounts without paying taxes.
    • Make grants of $3,000 to charities for each new job they create.

I've not seen details of Obama's economic stimulus plan yet so I can't say whether there are provisions specifically designed to stimulate and/or rescue the nonprofit sector.  If anyone has a link to the detailed proposal please send it in!

dkj

http://lawprofessors.typepad.com/nonprofit/2009/01/three-tax-and-e.html

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