BobKamman
Level 15
a month ago
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Yes, they're trying to bring back that small allowance. It was $300 / $600 a few years ago, I think the proposal now is $500 / $1,000. As I recall, it didn't apply to noncash, so donations of used items didn't count. The deduction for interest on a "new American car" loan is maximum $10,000, even for those who don't itemize, so that is a fair reflection of American values.