Thursday, January 13, 2011

Tax deductible donations increased 7% in 2009

Tax deductible donations increased 7% in 2009: "Tax deductible donations from individual donors increased by 7 percent in 2009, after tax deduction for donations to Institutions of a Public Character (IPCs) was increased from 200% to 250%.

The move was to encourage charitable giving during the economic downturn. The enhanced deduction was subsequently extended to donations made in 2010."

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