Tax law changes in 2006 and tips from IRS on end of year gifts
The Pension Protection Act passed in 2006 included changes to the tax law for individuals and businesses making charitable contributions. The link below is an IRS news article which describes these changes and clarifies some common questions about year-end charitable gifts.
Please confer with your accountant or financial advisor if you have questions.
Visit the IRS website at http://www.irs.gov/newsroom/article/0,,id=164997,00.html for more information.