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TAX WATCH
Charitable Deductions Rose Sharply, IRS Says
By Elizabeth Schwinn
New statistics released by the Internal Revenue Service show that deductions claimed for charitable contributions rose to $165.5-billion in 2004, compared with $145.7-billion in 2003, an increase of 13.6 percent.
The increase is the first double-digit percentage growth in charitable donations since 2000, when the stock market slumped...