+Slim Democratic Senate Majority May Test Biden Tax Plans
Some groups are already offering potential tax policy changes that they hope Democrats will include on their list of must-pass legislation this year.
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+Where are the tax breaks?
But as of now, the most likely variations of a deal wouldn’t even look to have a tax title, leaving a variety of avenues for tax relief out in the cold.
+Generosity, an 'antidote' to fear, division': How to help those in need on Giving Tuesday
Donations to nonprofits plummeted in the first quarter of the year as lockdowns began and layoffs skyrocketed, said Rick Cohen, chief communications officer for the National Council of Nonprofits. In May, half of the charities that responded to ...
+Giving Tuesday: Everyone gets a tax break on the first $300 they donate to nonprofits in 2020
“For people giving, it gives more flexibility and makes it easier for people to dig a little bit deeper at a time when nonprofits can really use the assistance,” Cohen says.
+There are many reasons to donate to charity this Giving Tuesday — but here’s a little added tax incentive
“It’s not motivation to give. It’s what gives people the ability to give more,” said Rick Cohen, spokesman and chief operating officer for the National Council of Nonprofits. “Right now, every dollar counts.
+Baltimore-area nonprofits never know what Giving Tuesday will mean. In 2020, that uncertainty is even greater.
It’s been a rocky year so far for nonprofits.
+Nonprofits face grim outlook as worried Americans cut back on donations during COVID-19 pandemic
“People who have lost their jobs in the last few months understandably don’t have the resources to donate to charities like they had in the past,” says, Rick Cohen, chief communications officer for the National Council of Nonprofits.
+A charitable update
The charitable sector is still full of worries about the tax cut’s impact.
+US companies flood civil rights groups with donations
Rick Cohen, chief operating officer of the National Council of Nonprofits, said charitable groups had been “hit from all angles”, with fundraisers cancelled and gifts drying up as unemployment leapt.
+Opening to Expand Charitable Giving Perk May Be Next Relief Bill
Calls are building for an expanded charitable giving deduction, which mean individuals could claim the perk regardless of whether they itemize their taxes.
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