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Abstract: 

Revenue Ruling 2009-50 (2009-45 IRB 617 (Nov. 9, 2009)) sets forth the inflation- adjusted figures for a number of statutory tax rules that involve fixed amounts that are indexed to reflect inflation. For advisors who deal with charities and charitable contributions, the important item in this list is the revised definition of what will constitute an “insubstantial benefit” for purposes of applying the deduction safe harbors for contributions associated with charitable fund-raising campaigns.

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