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Finanse publiczne · 13/06/2019

New IRS Regulation Allows Charitable Donations in Exchange for State or Local Tax Credits

The IRS has released a final regulation under Section 170 of the Internal Revenue Code, outlining rules for charitable contribution deductions when taxpayers receive state or local tax credits, and similar rules for trusts or decedent's estates under Section 642(c)

Source: Federal Register — Department of the TreasuryOpen original release →