%PDF-1.7 1 0 obj << /Type /Catalog /Outlines 2 0 R /Pages 3 0 R >> endobj 2 0 obj << /Type /Outlines /Count 0 >> endobj 3 0 obj << /Type /Pages /Kids [6 0 R 19 0 R ] /Count 2 /Resources << /ProcSet 4 0 R /Font << /F1 8 0 R /F2 9 0 R /F3 10 0 R /F4 11 0 R /F5 12 0 R /F6 14 0 R >> /XObject << /I1 15 0 R /I2 16 0 R /I3 23 0 R /I4 24 0 R >> /ExtGState << /GS1 17 0 R /GS2 18 0 R /GS3 21 0 R /GS4 22 0 R >> >> /MediaBox [0.000 0.000 612.000 792.000] >> endobj 4 0 obj [/PDF /Text /ImageC ] endobj 5 0 obj << /Producer (dompdf 1.0.2 + CPDF) /CreationDate (D:20241222040224+00'00') /ModDate (D:20241222040224+00'00') >> endobj 6 0 obj << /Type /Page /MediaBox [0.000 0.000 612.000 792.000] /Parent 3 0 R /Contents 7 0 R >> endobj 7 0 obj << /Filter /FlateDecode /Length 1556 >> stream xWMoFW!i~M REE+rE1&w%iE$E{O%%K0,wͼ73 }N?MxvKQbo,$ۊ._Ok߾{+w4dV$kYtekvaAI^ȽeGil/x3·9^yrxKxiQ{ta4F.n?[+]J GEu27~|ipd&x3IsFRJ$D-IzTiC~+iTwJԑo y^GG_7~ iŮCGwı1BsJ+{tA~Y:-KNZ|4DZ:/ iupdgph1jߵ(2j\ KagI)[I5+x/ԩ0L,H͝_^_F6֍NRߨRRP4|Q9b bgA^zbX n=R( uU?54m jIP{kޑ@Bc;A\$^C[^ \(pq\Z n9pmI|JSJ5ǭKӻ\N6@U|l1Tj,ۃMHe"[F~o˱c3"pHFlyq/] wendVJp3ݴz+QL]\JS !Qr;Q'b`^䛕3˹7Pev/Vb]cOrP4(!&lrSDUSsO;mYC/]z,(y淽ڪ˺x́RaXK'WQKcqa 1 ~P~C7~5{3 :(EilP&F4h.=]!%twrrAs8D9('_tă:5=Q){0Op)ʛ yYy_ P2?pNk)@{}ps!B/]( 9UHkXO"mdhA^#BU@o{ qŹkLȩ§Z^tt0c䴝c5-x]`@| !/闛+I$QH1r#1U6_ Ŗʥ3薋 1ҒV=uK"0JQ Oh]qTS ]XΓ1*Pcvb/]x!^ 5$6}8Pb_Z endstream endobj 8 0 obj << /Type /Font /Subtype /Type1 /Name /F1 /BaseFont /Helvetica /Encoding /WinAnsiEncoding >> endobj 9 0 obj << /Type /Font /Subtype /Type1 /Name /F2 /BaseFont /Times-Bold /Encoding /WinAnsiEncoding >> endobj 10 0 obj << /Type /Font /Subtype /Type1 /Name /F3 /BaseFont /Times-Roman /Encoding /WinAnsiEncoding >> endobj 11 0 obj << /Type /Font /Subtype /Type1 /Name /F4 /BaseFont /Helvetica-Bold /Encoding /WinAnsiEncoding >> endobj 12 0 obj << /Type /Font /Subtype /Type1 /Name /F5 /BaseFont /Helvetica-Oblique /Encoding /WinAnsiEncoding >> endobj 13 0 obj [6 0 R /Fit] endobj 14 0 obj << /Type /Font /Subtype /Type1 /Name /F6 /BaseFont /Times-Roman /Encoding /WinAnsiEncoding >> endobj 15 0 obj << /Type /XObject /Subtype /Image /Width 550 /Height 140 /Filter /FlateDecode /DecodeParms << /Predictor 15 /Colors 1 /Columns 550 /BitsPerComponent 8>> /ColorSpace /DeviceGray /BitsPerComponent 8 /Length 5329>> stream xqDǯ뺒$ILfff&I335Lf2\3I2L&_3$3I$d+$\W=9y9lLss99P`0 `0 `0 `0 !U_:~u = F~sZŻدns⃪Qg¢G(F[-s͓^ DZ>d>3Dr#\OΉ, ZFwjux<;4Ƀxز#_v?nO<|{7c(b{Oū}w[N e~Hs䎷wwOn<1B.k+%U=eԘ -mCj)t:}c'ϓ*n"-ovkZ?R"V%wʶ7s]eX&eǕq` 1-2e JYHCFOUam 7:(Ԙt_@ހN t{B~ :V@}o#7!z^&zFL:ʤn X<- %"bNWqF c` M'4?cH-V`ǵAF>=#Ěm75dB I&7E5<>-͏їFǿl3M6x]Y&)2 FoΌ N.<t i4wL\^=_|Fo؏IȄ ik$ɄL?{?|tmCޮ=~T&iTevϷ'奔s?EꋄLPY͹箵?@L:Aˤ3y_:9AtA*0qVe- e6g)%a}.qKcI V/xʤzM|\ HSql0;*%+Mذ-闛obebu2iU&lLbtIcxb5^B#8 ޮaʻ _ w>j+L:$"&O;bZ K1 jmU玫ݢ=S/J<WO2'_yUPvp=`"aL5 Nl7"rlQT޼==-I[Se* F'(\`󴯉'{:נnVZ TG6*r$Tyx^LJū.C<3` %ANrxUo"˄ 0&$tO F&bIcW3GG͈ y!{m,LkCI d,(2"@ dR%F1thUL8Rݒ^+v9^?sʯYעDl~Qd" N2sc|ov}=F,3K#vxIvG^,[OM&wI[#,Jޙ\ض;L^fv[LbyYvM#/EI#/Zס$(ڼ ," &LK/IF i-Zx彰픢]MKeR n(PhV'LҸ\f$w/ e]"mɷWO߻˱ KerSPe (ӼGMȈ}X?ʍto7ZKl+81_Y&ǡd uʤ1Vw!sQ"/$zNkw(t)2BWQW"˄OXLp:e‡# וzn2F}qlc5ؾ:WH xLz LP:d# Q>(MRېd2Qt$o~R$YR5,-nޜLr_βehd" 2k1lvO X= eC p+[R=jU!֖}_DޟY2 (*wkZQ>Fl̲soR#^u3hhyTԲt.LtD8sk4z4Rbl@zp4hy0Tn\=.fnő Y/:TC9<@fSI$:QR/bq7DfR/ֻn)Vqd"䳽˄GL;ϝRG顼n&%Sv eFv,L"t}I&N> D73]$e)( ;]XhL`kSzJlcC$<)깍h}dr,1ܝRM뭍eMa $?e3f8΍҈&P(x+JU5{I 3 M- ;7|#G9 !\œ&=xp2,L{-`?OW":4uܚEadv ~9q.VdV%UT@73$@W¯B!ݒaVLH:!opr;gAɀiήpfߙR E/IDO*Luf0}{7mfyDxT.g)w5RvHx#Z]&M$ gZUTt+lZqZ_;a&JaG,-JLJDFIcV|:I3nB&;N0Lna=Y_Gl,p5,,kc EKgd;2vt7selT9˸sX޲.6r<1!| L0lTMS1?Xsf cq )KSgBB&׭x. v c@^Yk΀v],E[ɾ QhYyXXC2)g/J@su1ScL, ?C[{V2i͛!סӠ&> 6lu>4Ƕʤ|=12鱧l{^:a/Y%~].26G: p^CZ V&Vedҟ?RrX7d#I]ՕuL1 ?_ /12IEh ̴b<ӯ^e _ϝ䰻^]vy> /ColorSpace /DeviceRGB /BitsPerComponent 8 /Length 873>> stream x1j08-K/)],) &gi+:U̲\"9H!@"9H!@"9H!@eY.Z[p_E{QHKV[/`j%ʒcP,SX4W{7urd5ɱPr:-ֆʇX$$zfZpClbw7z{[]qGlwlGlZiM,ߺ7x}w` L9=3zpWL9 j)ۓB$ DrB$ DrB$ DrB$ DrB$ DrB$ DrB$ DrB$e]k` B$ DrB$ DrB$ DrB$/؋ endstream endobj 17 0 obj << /Type /ExtGState /BM /Normal /CA 0.3 >> endobj 18 0 obj << /Type /ExtGState /BM /Normal /ca 0.3 >> endobj 19 0 obj << /Type /Page /MediaBox [0.000 0.000 612.000 792.000] /Parent 3 0 R /Contents 20 0 R >> endobj 20 0 obj << /Filter /FlateDecode /Length 1093 >> stream xVˮ6߯E z.AHI..h+ v߸H.vYh9s̐w)+ w۟sh= z&,I,Ҍ%p88^ɳq?upQ} ѧdC!V W^:?~8JYVs]*"O68oWFo@ G`lȤ4YIYzW8z;i(.>+rpqBsdF,֘Z'Q'Gfw kbHv)ۥ1!!`:g d0g\t*?Vb99 Ke{ñWWTxDLy%w?/8ComP18yŠ4]w]+t1ƪ[ڑ82zs fɺkFPx jzW8g]nitXˉ#fv2!7UOA3I CdLZ V1|rm O~L$Fw^Kke|> V@:RsCRlT!iU!m5EIN]z:ٚi(ˀzEu+sS0 {lw=?e>c18uL%Kc61Z4wӓU'p k3w06֩$g"&Ekñ΍~>7WKipKL=H<~Vzx>K¾ɹ"`}:ڬ֮,wig4̲Y˖k`7Y2zIxV3)-[݃"WcyV5^rV+N7tIe=#UY`+V%Wd 7n endstream endobj 21 0 obj << /Type /ExtGState /BM /Normal /CA 1 >> endobj 22 0 obj << /Type /ExtGState /BM /Normal /ca 1 >> endobj 23 0 obj << /Type /XObject /Subtype /Image /Width 550 /Height 140 /Filter /FlateDecode /DecodeParms << /Predictor 15 /Colors 1 /Columns 550 /BitsPerComponent 8>> /ColorSpace /DeviceGray /BitsPerComponent 8 /Length 5329>> stream xqDǯ뺒$ILfff&I335Lf2\3I2L&_3$3I$d+$\W=9y9lLss99P`0 `0 `0 `0 !U_:~u = F~sZŻدns⃪Qg¢G(F[-s͓^ DZ>d>3Dr#\OΉ, ZFwjux<;4Ƀxز#_v?nO<|{7c(b{Oū}w[N e~Hs䎷wwOn<1B.k+%U=eԘ -mCj)t:}c'ϓ*n"-ovkZ?R"V%wʶ7s]eX&eǕq` 1-2e JYHCFOUam 7:(Ԙt_@ހN t{B~ :V@}o#7!z^&zFL:ʤn X<- %"bNWqF c` M'4?cH-V`ǵAF>=#Ěm75dB I&7E5<>-͏їFǿl3M6x]Y&)2 FoΌ N.<t i4wL\^=_|Fo؏IȄ ik$ɄL?{?|tmCޮ=~T&iTevϷ'奔s?EꋄLPY͹箵?@L:Aˤ3y_:9AtA*0qVe- e6g)%a}.qKcI V/xʤzM|\ HSql0;*%+Mذ-闛obebu2iU&lLbtIcxb5^B#8 ޮaʻ _ w>j+L:$"&O;bZ K1 jmU玫ݢ=S/J<WO2'_yUPvp=`"aL5 Nl7"rlQT޼==-I[Se* F'(\`󴯉'{:נnVZ TG6*r$Tyx^LJū.C<3` %ANrxUo"˄ 0&$tO F&bIcW3GG͈ y!{m,LkCI d,(2"@ dR%F1thUL8Rݒ^+v9^?sʯYעDl~Qd" N2sc|ov}=F,3K#vxIvG^,[OM&wI[#,Jޙ\ض;L^fv[LbyYvM#/EI#/Zס$(ڼ ," &LK/IF i-Zx彰픢]MKeR n(PhV'LҸ\f$w/ e]"mɷWO߻˱ KerSPe (ӼGMȈ}X?ʍto7ZKl+81_Y&ǡd uʤ1Vw!sQ"/$zNkw(t)2BWQW"˄OXLp:e‡# וzn2F}qlc5ؾ:WH xLz LP:d# Q>(MRېd2Qt$o~R$YR5,-nޜLr_βehd" 2k1lvO X= eC p+[R=jU!֖}_DޟY2 (*wkZQ>Fl̲soR#^u3hhyTԲt.LtD8sk4z4Rbl@zp4hy0Tn\=.fnő Y/:TC9<@fSI$:QR/bq7DfR/ֻn)Vqd"䳽˄GL;ϝRG顼n&%Sv eFv,L"t}I&N> D73]$e)( ;]XhL`kSzJlcC$<)깍h}dr,1ܝRM뭍eMa $?e3f8΍҈&P(x+JU5{I 3 M- ;7|#G9 !\œ&=xp2,L{-`?OW":4uܚEadv ~9q.VdV%UT@73$@W¯B!ݒaVLH:!opr;gAɀiήpfߙR E/IDO*Luf0}{7mfyDxT.g)w5RvHx#Z]&M$ gZUTt+lZqZ_;a&JaG,-JLJDFIcV|:I3nB&;N0Lna=Y_Gl,p5,,kc EKgd;2vt7selT9˸sX޲.6r<1!| L0lTMS1?Xsf cq )KSgBB&׭x. v c@^Yk΀v],E[ɾ QhYyXXC2)g/J@su1ScL, ?C[{V2i͛!סӠ&> 6lu>4Ƕʤ|=12鱧l{^:a/Y%~].26G: p^CZ V&Vedҟ?RrX7d#I]ՕuL1 ?_ /12IEh ̴b<ӯ^e _ϝ䰻^]vy> /ColorSpace /DeviceRGB /BitsPerComponent 8 /Length 873>> stream x1j08-K/)],) &gi+:U̲\"9H!@"9H!@"9H!@eY.Z[p_E{QHKV[/`j%ʒcP,SX4W{7urd5ɱPr:-ֆʇX$$zfZpClbw7z{[]qGlwlGlZiM,ߺ7x}w` L9=3zpWL9 j)ۓB$ DrB$ DrB$ DrB$ DrB$ DrB$ DrB$ DrB$e]k` B$ DrB$ DrB$ DrB$/؋ endstream endobj xref 0 25 0000000000 65535 f 0000000009 00000 n 0000000074 00000 n 0000000120 00000 n 0000000461 00000 n 0000000498 00000 n 0000000647 00000 n 0000000750 00000 n 0000002379 00000 n 0000002486 00000 n 0000002594 00000 n 0000002704 00000 n 0000002817 00000 n 0000002933 00000 n 0000002962 00000 n 0000003072 00000 n 0000008647 00000 n 0000009778 00000 n 0000009837 00000 n 0000009896 00000 n 0000010001 00000 n 0000011168 00000 n 0000011225 00000 n 0000011282 00000 n 0000016857 00000 n trailer << /Size 25 /Root 1 0 R /Info 5 0 R /ID[<0e255cc13c113cb1b773e280f8971147><0e255cc13c113cb1b773e280f8971147>] >> startxref 17988 %%EOF New tax rules affect Army | Caring Magazine

Vol. #28

Grace Uncovered

Read Issue

Latest Impact StoriesView All

Popular Topics

PopularView All

New tax rules affect Army

January 29, 2007
2 minute read
Total
0
Shares
0
0
0
Listen to this article

Pension Protection Act tightens tax laws for donations.

by Jeff Curnow – 

Jeff Curnow—facts on tax law changes from MSNBC article by Aswini Anburajan.

For the first time since 1969, the rules governing tax write-offs for charitable giving have been substantially tightened, many of them as a result of the Pension Protection Act passed last year by Congress.

The rules only apply to the 30 percent of taxpayers who itemize their deductions. Taxpayers are now required to document giving in all shapes and sizes, from used cars to used clothing.

The IRS will no longer accept estimates of the value of bags of used clothing, change dropped in the Red Kettle or other small donations that are crucial to the Army’s work.

The new rules also mandate that donated items be in usable condition, and any deduction greater than $500 for a single item be accompanied by an official appraisal.

Also, donors of big-ticket items such as used cars may deduct only the amount the charity receives from the sale of the item, not the item’s “fair market value.” Congress estimates that this provision alone will generate $3 billion in new tax revenues over the next 10 years.

Barriers to giving
About the new rules’ effect on donations, Major Ron Strickland, USA West adult rehabilitation center commander remarked:

“There is good news and bad news concerning recent changes of rules governing tax write-offs for charitable giving of donations in kind. The good news is that the new tax law makes it easier for us to turn down unusable donations in kind…the bad news is that some of the unusable donations such as marginal clothing could be processed via the recycling market, which does generate income for our rehabilitation programs.

“I also believe that the donors will become confused concerning what is usable or unusable and out of frustration, not give at all and/or reduce their giving.

“Another concern for us is that appraisals required for items over $500 (currently $5,000) will discourage the giving of larger/nicer items such as furniture and lower priced vehicles.

Bar raised for monetary donations too
Previously, monetary donations under $250 did not require a receipt, but now they need to be accompanied by a “statement of proof,” such as a copy of a check, a bank statement or a dated communication from the charity.

Melissa Temme, national public relations director for the Salvation Army, said practices regarding cash donations for Red Kettles will not change. “If donors want a receipt, she said, they can drop in a check with their address on it. The thank you notes The Salvation Army mails them can be used for tax purposes.”

Planned giving vehicles such as donor advised funds will also come under much higher scrutiny under the new tax laws.

While overall the Army hopes to see little impact from the new rules, Strickland expressed concern that any added complications in the giving process may be harmful: “I do believe that the more encumbrances placed on the donor, the more they are likely to get discouraged in giving to their charity.”

Download this page as a PDF

You May Also Like