Beside making changes to pension laws, the Pension Protection Act of 2006 also made changes to charitable tax deductions. People over 70 1/2 can make a direct charitable contribution from their IRA, shielding some of the income tax effects of an IRA distribution. Stricter rules for noncash charitable donations are imposed, such as requiring the items donated to be in good condition. Appraisals are required for items valued at over $500. No deduction for cash donations are allowed unless the taxpayer can show a letter from the charity or a bank record. Previously, records were only required for donations over $250. New Law Changes Charitable Contributions by Eileen Alt Powell, Findlaw, Sept 20, 2006.
Source: For You and Your Clients - "New Law Changes Charitable Contributions", Stark County Law Library Blog, Sept. 26, 2006.