IRS Offers Year-End Charitable Donation Tips

The IRS  today released Recent Tax Law Changes May Affect People Giving to Charity: IRS Offers Tips for Year-End Donations (IR-2006-192):

Individuals and businesses making contributions to charity should keep in mind several important tax law changes made last summer by the Pension Protection Act. The new law offers older owners of individual retirement accounts a new way to give to charity. It also includes rules designed to provide both taxpayers and the government greater certainty in determining what may be deducted as a charitable contribution....

To help taxpayers plan their holiday-season and year-end donations, the IRS offers the following additional reminders....