To continue getting breaking news and the full stories from The Boston Globe, subscribe today.

The Boston Globe

Nation

Charities fear new tax rules’ effect on giving

Others sayvalue of deductions has risen for wealthy

WASHINGTON — Charities and nonprofit organizations are worried that new limits on tax deductions for high earners will hurt donations just as charitable giving is starting to rebound from the depths of the recession.

Experts doubt the new limits on deductions will have much impact on giving, but some major nonprofit organizations fear they are a sign that the charitable deduction is no longer sacrosanct on Capitol Hill, just as Congress is promising a broader effort later this year to overhaul the tax code.

Comments