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The Fine Print Cost a Widow a $464,000 Tax Deduction
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Charitable donors, beware: A widow has lost a $464,000 tax deduction for a gift to a museum because her tax paperwork lacked a few key words.
The recent Tax Court decision in Albrecht v. Commissioner is a fresh reminder of how rigid the standards for charitable deductions often are.
Read more on wsj.comAbout this in other media
Does the Inflation Reduction Act violate Biden’s $400,000 tax pledge? Expect 'a different answer depending on who you ask,' says analyst cnbc.com /2 years ago
Cost of Democrats’ Corporate-Tax Increase Skews to Wealthy, Reaches Middle Class wsj.com /2 years ago
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