An update on the charitable tax deduction from The Chronicle Of Philanthropy:
Obama Plan Would Spare Charitable Deduction
December 18, 2012, 6:00 pm
By Doug Donovan
Nonprofits seeking to protect charitable deductions may have won at least one victory: President Obama’s budget proposal given to Republicans on Monday appeared to single out the charitable deduction for a more-generous write-off by the wealthy than mortgage interest, state taxes, or other tax breaks.