Potential tax reduction opportunity for U.S. taxpayers
After my two hour allocation of time on central library computer expired on Sunday, I was reading in the New York Times how a number of charitable agencies are worried that the big fuss over the tsunami in south Asia and the hurricane damage in the U.S. may result in substantially reduced income for many of them.
So the government has allowed that for the rest of this year a substantial increase in the deductible level of contributions to various (all?) charities are being granted.
That's about the only information that I can offer.
See info in New York Times of Thursday, Oct. 27, on P. 23.
Ask your accountant, financial advisor or local IRS office about the details, I'd say.
Good wishes to all for an increased contribution, if you get that extra tax advantage.
They're having a terrible time in Pakistan, these days.