Enhanced deduction for charitable contributions of food inventory modified and retroactively made permanent

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March 2016


​The Protecting Americans from Tax Hikes (PATH) Act of 2015 modified and retroactively made permanent the Section 170(e)(3)(C) enhanced deduction associated with ‘qualified contributions’ of food inventory. This deduction had expired at the end of calendar year 2014, but the PATH Act of 2015 reinstated it as of January 1, 2015, providing another opportunity for taxpayers that are not C corporations (e.g. partnerships, S corporations) to obtain a greater benefit for their charitable contributions.

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Linden (Lin) C. Smith

Managing Director, National Economics and Statistics, PwC US

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