Alternative Minimum Tax rule changes come into effect on January 1, 2024
Charity Village
NOVEMBER 17, 2023
The Alternative Minimum Tax rule changes will come into effect on January 1, 2024, and organizations need to be prepared. Under the new federal tax rule, only half of donation tax credits can be applied against the Alternative Minimum Tax – up until the end of 2023 100% can still be applied.
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