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Trump admin targets tax-exempt status at private colleges — threatening a key tax break for donations
Source: CNBC
Regulation & LegislationTax & Tariffs
The U.S. Treasury proposed regulations that could strip thousands of private schools of their tax-exempt status, threatening a key deduction/tax break for donations. The change would likely reduce after-tax giving incentives to qualifying schools and increase compliance and tax liabilities for affected institutions.
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