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Don’t eliminate the charitable deduction

July 14, 2013
By JUDY SJOSTEDT - Parkersburg Area Community Foundation , Parkersburg News and Sentinel

As federal lawmakers head into an intense period of debate about the budget deficit and tax reform, they are seriously considering removing/reducing the provision allowing taxpayers who itemize to deduct their gifts to charity. More than 13 percent of all West Virginia taxpayers use this deduction to support worthy causes; their gifts in 2010 exceeded $467 million. And, donors at all income levels itemize charitable deductions - nearly 70 percent of the state's taxpayers using the charitable deduction represent middle- to low-income households.

 
 
 

 

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