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11/27/2005

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  • Katrina Relief Act to Benefit Churches, Other Ministries

    Under the temporary rules put into place by the Katrina Emergency Tax Relief Act (KETRA), taxpayers are allowed to deduct charitable cash donations made between Aug. 28 and Dec. 31, 2005, to qualified charities at up to 100 percent of their adjusted gross income. The temporary change in the Federal Tax Code in the wake of Hurricane Katrina may provide a short-term boon for congregations and a variety of ministries affiliated with the Episcopal Church.

    Posted on November 27, 2005

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