A proposed temporary incentive that could increase the above-the-line charitable gift deduction cap is gaining bipartisan support as a component of an emerging pandemic response package. Catholic Law Professor Roger Colinvaux was recently quoted in Law360 regarding the incentive.

Law360
By: Alana K. Ota
Date: July 16, 2020
Bigger Charitable Deduction Gains Steam In Congress

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"The impact on overall charitable giving would be modest. The only effect on new gifts is for the five months left in this calendar year; the rest of the bill allows a deduction for gifts already made. Thus, for gifts prior to the date of enactment, the bill would have no effect on giving, but is instead a retroactive subsidy."

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