House Ways and Means Committee Chairman Kevin Brady (R-TX) said this week he wants to avoid adding a package of tax extenders to the omnibus spending bill that the House will likely take up in December. Congress is close to passing a stop-gap spending bill that would fund the government through Dec. 9, at which… Read more »
Posts Tagged: tax extenders
A prominent Senator suggested Tuesday that the 1099 repeal effort is still going strong in the Senate, and it could be included in a larger tax bill this month.
Senator Charles Schumer (D-NY) intends to add another provision to the tax extenders legislation that could further impact charities. The American Jobs, Closing Tax Loopholes, and Preventing Outsourcing Act of 2010 (H.R.4213) already includes an extension of the IRA Charitable Rollover provision until December 31, 2010. The provision allows individuals over 70 to contribute up… Read more »