charitable giving tax deduction act

Charitable Giving

Reforming Charitable Deductions to Help Nonprofits and Taxpayers
ByNumbers4Nonprofits Team November 21, 2019

Since 2017, nonprofits have seen a reduction in the amount of money coming in and that is partially because of the Tax Cuts and Jobs Act of 2017. Economists loved the idea of doubling the standard deduction but were concerned that reform could reduce charitable giving because less people would itemize and deduct donations. And…

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Charitable Giving

The New Tax Law and Charitable Giving
ByNumbers4Nonprofits Team June 26, 2018June 17, 2023

There is a lot of concern among nonprofits when it comes to individual donations in 2018 and beyond because of the new tax law. Estimates from the American Enterprise Institute show charities could take in $16 billion to $17 billion LESS than what they received in 2017. Here’s why it’s happening and another possible change…

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