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President%20Obama<%2Fa>%20already%20supports%20limiting%20the%20amount%20of%20tax-free%20giving%20Americans%20can%20do.%20His%20proposed%202013%20budget%20would%20limit%20the%20value%20of%20all%20itemized%20deductions%20to%2028%20percent%20for%20families%20making%20$250,000%20or%20more%20a%20year,%20or%20for%20individuals%20making%20$200,000%20and%20up.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2Ffiscal-cliff-leaves-nonprofits-edge%2F" target="_blank" class="email" data-post-id="15099" type="icon_link">
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Charities are worried this may be the last season of giving. As Congress grapples with tax reform and deficit reduction, lawmakers are looking at limiting some long-standing tax deductions, including the one for charitable giving, as a way to raise revenue. President Obama already supports limiting the amount of tax-free giving Americans can do. His proposed 2013 budget would limit the value of all itemized deductions to 28 percent for families making $250,000 or more a year, or for individuals making $200,000 and up.
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