JCT report on federal tax treatment of charitable contributions ahead of Finance Committee hearing
Overview of the present law rules relating to the federal tax treatment of charitable contributions
JCT report ahead of Finance Committee hearing
The Senate Finance Committee has scheduled a public hearing for March 17, 2022, concerning the topic “Examining charitable giving and trends in the nonprofit sector.”
In advance of the hearing, the staff of the Joint Committee on Taxation (JCT) today released a hearing document containing an overview of the present law rules relating to the federal tax treatment of charitable contributions, a discussion of economic issues relating to federal tax incentives for charitable giving, and data relating to charitable contributions.
Read the JCT report: JCX-2-22
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
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Preston Quesenberry | +1 202 533 3985 | email@example.com
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