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Charitable Deduction; MacKenzie Scott Gift; Ukraine as Crypto War

Senators issue bipartisan call to restore donors tax breaks

Both Democratic and Republican lawmakers called Thursday for restoring the charitable deduction for donors who don’t itemize their taxes, a priority for nonprofits nationwide, but a key senator was noncommittal

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Senators issue bipartisan call to restore donors tax breaks

Both Democratic and Republican lawmakers called Thursday for restoring the charitable deduction for donors who don’t itemize their taxes, a priority for nonprofits nationwide, but a key senator was noncommittal on the question of whether to support legislation designed to boost payouts from foundations and donor-advised funds.

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