Each year the Internal Revenue Service adjusts charitable gift premium rules, tax tables, personal exemptions, standard deductions and other tax provisions. Here are the key charitable figures for 2014 from Rev. Proc. 2013-35, 2013-47 IRB 537.
Charitable deductions not reduced for insubstantial donor benefits—2014 safe harbors. Donors need not reduce their charitable deductions when they receive low-cost articles or items of “insubstantial value” under Rev. Proc. 90-12, 1990-1 CB 471 and successor rulings. Reg. §1.170A-13(f)(8).
