< 1 min read
May 10, 2013
Minnesotans who don't itemize may be looking at change to state tax code whereby current deduction becomes a "charitable tax credit" instead.
"The charitable tax deduction used by 173,000 Minnesotans who don’t itemize their income tax returns would end under a House proposal before a legislative conference committee. It would be replaced by a charitable tax credit. That credit would not allow the donation to be deducted — dollar for dollar — from the filer’s taxable income." -- Jean Hopfensperger, the Minneapolis Star-Tribune