The state(s) of giving Which state’s residents claimed the most charitable deductions in tax year 1995? According to The Chronicle of Philanthropy, Utah ranks number one in the U.S. with the average itemizer’s contribution deduction totaling $4,953. Rounding out the top ten list of the largest states for average charitable deduction for itemizers are Wyoming, …Read More

In a last minute and surprise move, the Congressional conferees joined the IRS in its current initiative to eliminate the use of certain types of charitable remainder trusts as tax avoidance devices in ways they believe were never intended by lawmakers in the past. Buried in the details of this law is a provision that …Read More

In the days since its passage, there has been much speculation about the impact of the Taxpayer Relief Act of 1997 (TRA) on charitable giving in America. Since the original enactment of the charitable deduction in 1917, numerous tax acts have made changes in the law that affected charitable giving in many ways. Periodic changes …Read More