House Committee to Examine Charity Tax Breaks

Less than two months after Congress and President Barack Obama showed charities a little love by leaving the charitable tax deduction untouched in their budget compromise, the House Ways and Means Committee has scheduled a Valentine’s Day hearing that will examine the tax break yet again. The deduction will be one of many issues considered at a session the committee is holding as it assesses what issues to consider in a broad overhaul of the tax system.