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With Republicans poised to take control of the Senate following Tuesday’s elections, it's likely that lawmakers will dig into the tax code when a new Congress is sworn in. While that means added scrutiny on the charitable deduction and tax treatment of nonprofits, charity leaders are confident their cherished provisions will remain intact.
Before the current Congress wraps up its business, however, charity officials expect lawmakers to consider certain items in the tax code, including moving the deadline for claiming the charitable deduction from the end of the year until April 15.
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