June 4, 2018

CNBC: Donate to charitable funds and nab a tax break in these states — for now

media mention

How the IRS will ultimately proceed remains to be seen, but experts agree that the agency may take a closer look at programs with generous tax credits.

“It’s when you get up and above a 70 percent tax credit — that’s when taxpayers start to view these as not being charitable programs at all but as ways to pad their own bank accounts,” said Carl Davis, research director at the Institute on Taxation and Economic Policy. Read more