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Congress changes charitable deduction rules, affecting year-end giving

The changes adjust three charitable deduction rules in 2024, pushing many donors to rethink timing and methods to avoid higher costs.

Reported · Written up by our desk · Fund Industry

Congress has changed three charitable deduction rules this year, according to MarketWatch.

The outlet says the most common way people give to charities now may also be the most expensive approach under the updated rules.

MarketWatch advises that donors may want to move giving earlier in the year to reduce the financial impact of the new deduction framework.

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