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Congress makes 3 Giving Incentives Permanent!

Posted By Benjamin Bullock, SCANPO, Tuesday, December 22, 2015

From Independent Sector:

Dear Colleagues,

The United States Congress has finally made permanent three tax incentives for charitable giving!

These incentives strengthen the charitable community’s ability to improve American lives and our communities, and ends the sector’s nearly 10-year long struggle to make these incentives a permanent part of the tax code.

The incentives include the IRA charitable rollover and enhanced deductions for the donation of food inventory and land conservation easements. After years of renewal and expiration, including the most recent expiration on January 1, 2015, the permanent extension of these three charitable giving incentives is now headed to the president’s desk for his signature.

In addition to these critical incentives, Congress included important provisions to make the child tax credit and the earned income tax credit permanent.

This tax deal, known as the Protecting Americans from Tax Hikes (PATH) Act of 2015, shows true leadership in understanding the value of the charitable community and the role it plays in American society. This law ends the uncertainty caused by the repeated expiration and subsequent reinstatement of these three charitable giving incentives.

Read More here!

Tags:  Advocacy  Congress  Giving Incentives 

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