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Submitted By: someone
Answered: March 17, 2023 2:47 am
Answered: March 17, 2023 2:47 am
Has Congress extended for 2022 the charitable contribution deduction for non-itemizers?
No. To date, Congress has not extended this tax break. However, there is considerable sentiment in Washington to do so. If there is an extension, it’s likely not to apply for 2022 returns, but monitor developments at jklasser.com.
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Tax Glossary
Self-employment tax
Tax paid by self-employed persons to finance Social Security coverage. In 2007, there are two rates. A 12.4% rate applies to a taxable earnings base of $95,700 or less and a 2.9% rate applies to all net earnings.
