Subject: charitable donation tax deduction Comment: 10/12/2005 Greetings. Today's New York Times says you are looking for ways to extend the tax deduction for charitable donations to taxpayers who do not itemize (see below). One way would be to allow pre-tax payroll deductions in exchange for Giving Certificates that can only be used for making donations. [It just so happens that our nonprofit organization offers such Giving Certificates.] Employers could distribute the Giving Certificates the way workers in the NYC Metropolitan Area are able to purchase Transit Chex, which allow pretax money to be used on mass transportation. It's clean and simple. We would love to talk to anyone who is interested in exploring more ways Charity Checks can help make more money available for the nonprofit world. Thanks. Victor Dorff Co-Founder, Charity Checks 818.706.8686 From the NYTimes Website: Tax Panel Says Popular Breaks Should Be Cut By DAVID E. ROSENBAUM Published: October 12, 2005 WASHINGTON, Oct. 11 - President Bush's tax advisory commission indicated on Tuesday... ...The commission members decided that another popular deduction, for charitable contributions, should be expanded rather than cut back. They are looking at how to give the tax break to taxpayers who do not itemize deductions. ... |