Potential Tax Provisions that Could Be Extended Through 12/31/2014 or Beyond
In late July the House of Representatives passed the “America Gives More Act” which includes five key tax provisions affecting nonprofits: Permanent IRA Contribution Act – Historically, a law existed which allowed seniors to avoid paying taxes on qualified distributions from their individual retirement account (e.g IRA) by donating them to charities. The law expired […]
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