Video: How Much Does the Charitable Deduction Matter?
October 14, 2011 | Read Time: 1 minute
The Senate’s powerful Finance Committee will play host to a hearing Tuesday that will discuss how some key proposals to change the federal tax code would affect nonprofits.
One of the key topics of discussion at the hearing will be the future of the charitable deduction—the write-offs that high-income people can get for their charitable donations.
The Chronicle recently produced a pair of videos that explain the charitable deduction—and what’s at stake if lawmakers decide to change how the deduction works. You can check them out below.