[20171115]IF10706_税收改革的关键问题：个人慈善扣减.pdf

https:/crsreports.congress.gov Updated November 15, 2017Key Issues in Tax Reform: The Charitable Deduction for IndividualsThe charitable deduction is a long-standing feature of the individual income tax. It is also one of the largest individual income tax provisions in terms of annual forgone revenue, an estimated $56.9 billion in 2017. This In Focus provides background information on the charitable deduction for individual taxpayers and discusses the provision in the context of tax reform. Tax provisions for corporate contributions and charitable bequests are not addressed. The Deduction Under current law, taxpayers who itemize their deductions cansubject to certain limitationsdeduct charitable donations to qualifying organizations. Qualifying organizations are generally “public charities” or “private foundations,” with tax-exempt status under Internal Revenue Code (IRC) Section 501(c)(3); federal, state, or local governments; and other less common types of qualifying organizations. Tax deductible donations to qualifying organizations can be in the form of cash or property. Property held for more than one year is often referred to as long-term capital gain property. Property held