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Bad news for nonprofits: Will people still give or as much if they can’t get a tax deduction for their charitable giving?
December 14, 2017 /
There’s a lot of worry in the nonprofit world.
Republicans are hashing out their differences in an overhaul of the tax system and if things go as planned, a boost in the standard deduction may result in fewer people itemizing. And, without itemizing, not as many taxpayers will be able to deduct charitable contributions. The tax deduction has been a mighty powerful tool in getting people to be generous.
By Michelle Singletary
MATR Supporters (view all)
Posted in: Non-Profit News
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