Tag Archives: Charitable income tax deduction

Charitable Deductions for Estates and Trusts under Amended IRC § 68: Update

Posted on by June 8, 2026

In a previous article, it was suggested that the new limitation on itemized deductions, reducing itemized deductions by 2/37ths of the amount by the amount by which taxable income is subject to tax at the maximum 37% rate, should not...

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Charitable Deductions for Estates and Trusts under Amended IRC § 68

Posted on by June 8, 2026

In the article on the increase in the federal estate tax exclusion amount under the “megabill” enacted as  P.L. 119-21 (see “Federal Estate Tax Exclusion Increased to $15 Million“), it was reported that a number of income tax provisions that...

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