2-Week Reprieve for Charitable Tax Provisions

Three charitable tax provisions were among the dozens included in a bill that passed the Senate Tuesday night that retroactively extended expired tax provisions through the end of this year. The U.S. Senate approved the “Tax Increase Prevention Act of 2014” (H.R. 5771) by a vote of 76-16 (with eight senators not voting). Nay votes came from both parties, with eight Democrats and eight Republicans, while those not voting were composed of one Independent, one Democrat and six Republicans.