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Charitable deduction gets caps, floors and haircuts in OBBBA

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 Charitable deduction gets caps, floors and haircuts in OBBBA. Worth reviewing for potential client impact.

Classification

Category: fyiPriority: importantReason: Contains 'deduction' - significant update

Affected Groups

All tax practitioners

Related Topics

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

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