Authors:

  • Robert Pozen

Excerpt

New tax provision on deductions won’t hurt charitable giving. Robert Pozen, April 1, 2013, Opinion. "In the recent tax legislation to avoid the fiscal cliff, Congress reinstated a limitation on itemized deductions for affluent taxpayers, known as Pease (after its original author, the late Rep. Donald Pease). Under Pease, itemized deductions are modestly reduced depending on how much a taxpayer’s adjusted gross income exceeds a specified threshold — $250,000 for an individual and $300,000 for a married couple..."  Link verified March 28, 2014