Magazine

Table: Incentives to Give


The Senate has passed much of President Bush's charity bill. Here's what the legislation would do:

DEDUCTIONS FOR NON-ITEMIZERS

Some 86 million mostly lower- and middle-income taxpayers who don't itemize would be able to deduct up to $500 in charitable contributions

IRA ROLLOVERS

Older Americans could contribute assets of Individual Retirement Accounts to charities without incurring a tax liability

SAVINGS FOR THE POOR

A pilot plan would provide federal matching funds to 300,000 families to buy a first home, start a business, or pay for post-secondary education


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