Jewish Federations Applaud Administration Commitment to Holocaust Survivors and Older Americans, Concern Over Charitable Tax Deduction

Washington, D.C.­ – Jewish nonprofits expressed both appreciation and disappointment as President Obama and his Administration revealed their FY2016 budget. The Jewish Federations of North America voiced concern over the limitation of the charitable tax deduction and funding cuts for important security and emergency programs, while expressing appreciation for the budget treatment of key programs for Holocaust survivors, older Americans and people with disabilities.

Jewish Federations Grateful for IRA Charitable Rollover Extension, Urge Long-Term Fix

Washington, D.C. – Jewish charities commended the U.S. House of Representatives today for voting to renew the IRA Charitable Rollover, an important tax extender, but noted that a more permanent solution would provide greater certainty for taxpayers and charitable organizations that depend on tax-free distributions from individual retirement accounts (IRA) to bolster their fundraising activities. The Jewish Federations of North America welcomed the House action and urged the Senate to consider a long-term solution when they debate the legislation later this week.