Based on new gift tax data released in the IRS Winter 2013 SOI Bulletin, the amount of charitable deductions claimed on gift tax returns in 2011 increased to nearly $4.4 billion, up from $3.1 billion in 2010. Also, the number of deductions claimed on gift tax returns rose substantially from 4,491 in 2010 to 5,451 in 2011. Finally, in 2011 taxpayers made almost $51 billion in total gifts of money or property, up from $37.9 billion in 2010.
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