December 18th, 2015
*BREAKING NEWS* Tax Incentives for Charitable Giving Made Permanent by Congress, Signed by President
The United States Congress has finally made permanent three tax incentives for charitable giving! The President has signed the bill.
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.
President Barack Obama has signed the bill into law late on December 18, 2015.
It is important to also note that the measure heading to the president’s desk does not include expanding the IRA charitable rollover to donor advised funds.
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