Would you give as much as you’re currently giving to your church or charities of choice whether or not you were entitled to deduct the amount of the contributions from your taxable income?
The charitable contribution deduction has been available to American taxpayers in some form or fashion since 1917. This incentive (some may say reward), has been welcomed by both the giver and the receiver for obvious reasons.
But in the midst of the “fiscal cliff” discussions, the deduction is now in danger.