Jan 9, 2012
Expired and Expiring Charitable Tax Extenders
The staff of the Joint Committee on Taxation has provided a listing of Federal tax provisions (other than those providing time-limited transition relief after the repeal of an underlying rule) that are currently scheduled to expire in 2011-2022 (with references to the applicable section of the Internal Revenue Code of 1986 or other applicable law).
Following are charitable extenders that have expired:
- Enhanced charitable deduction for contributions of food inventory (sec. 170(e)(3)(C)) - expires 12/31/11
- Enhanced charitable deduction for contributions of book inventories to public schools (sec. 170(e)(3)(D)) - expires 12/31/11
- Enhanced charitable deduction for corporate contributions of computer equipment for educational purposes (sec. 170(e)(6)) - expires 12/31/11
- Basis adjustment to stock of S corporations making charitable contributions of property (sec. 1367(a)) - expires 12/31/11
- Education Individual Retirement Accounts (Coverdell education savings accounts): increase of maximum annual contribution from $500 to $2,000, expansion of definition of qualified education expenses, increase in the size of the phase-out range for married filers to double that of unmarried filers, provision of special needs beneficiary rules, contributions by corporations and other entities, and contributions until April 15th, permitted (secs. 530(b)(1), (b)(2), (b)(4), (c)(1), (d)(2) and sec. 901 of Pub. L. No. 107-16) - expires 12/31/12
Download the full list: List Of Expiring Federal Tax Provisions 2011-2022 (www.jct.gov/publications.html?func=startdown&id=4380)