Nicholas Dahir

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Charities Fall Victim to Federal Tax-the-Rich Plan

Charities Fall Victim to Federal Tax-the-Rich Plan

The end of 2023 last week marked the likely end of full tax relief for some charitable giving. The federal government has yet to table its legislation for reforming the alternative minimum tax (AMT), but if it sticks to its Budget 2023 commitment, tax relief for charitable giving will be curtailed for some high-income filers in 2024.