Commentary A New April 15: Make It a Day of Giving (Efficiently)
C. Eugene Steuerle
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On January 22, President Barack Obama signed into law a provision allowing charitable gifts made for Haiti relief during February and most of January 2010 to be deducted on 2009 federal tax returns. This noble sentiment would work a lot better if deductions were allowed for all giving made to qualified charities by April 15.
Research Areas Taxes and budgets
Tags Federal budget and economy