Health Care Reform - End to Charitable Deductions?
Under the guise of paying for health care "reform," President Obama is trying to eliminate charitable deductions. Aside from further damaging already hurting charities, many estate plans and lifetime giving plans need to be reviewed. If the Obama plan gets approved, many proposed charitable deductions will need to be reduced to pay the federal (and State) income and estate taxes.
Labels: charitable deduction, estate tax
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