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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
Qualified plan
A retirement plan that meets tax law tests and allows for tax deferment and tax-free accumulation of income until benefits are withdrawn. Pension, profit-sharing, stock bonus, employee stock ownership, and Keogh plans and IRAs may be qualified plans.
