The Philanthropic Impact of ATRA

Sharpe Jr., Robert F.
March 2013
Trusts & Estates;Mar2013, Vol. 152 Issue 3, p13
The article discusses charitable deductions in the U.S. and the impact of philanthropy on the American Taxpayer Relief Act of 2012 (ATRA) as of March 2013, focusing on itemized deductions, pre-tax income, and the tax deductibility of charitable gifts. The Pease amendment to the U.S. Tax Code, which expired in 2010, is also addressed in relation to high income donors and adjusted gross income (AGI) rates. Individual retirement account (IRA) rollover gifts and split-interest gifts are examined.


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