Tax Reform

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‘Nuanced' tax law is no gift to charities

"It is going to be somewhat tricky in communicating to people about this change to charitable giving in part because Congress did not technically touch the century-old charitable giving incentive," said Tim Delaney, president and CEO of the...

Tags: Tax Reform, Charitable Giving
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Our Burning Platform for a Universal Charitable Deduction

Delaney told NPQ, “While the experts on both ends of the political spectrum are projecting huge losses in charitable giving of between $17 billion to $21 billion annually, I don’t think it will be quite that bad this first year, because...

Tags: Charitable Giving, Tax Reform, Universal Deduction
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How workers could give to charity just like they give to their 401(k)

David L. Thompson, vice president of public policy at the National Council of Nonprofits, said the Everyday Philanthropist Act is appealing because of its simplicity, but there are some “devilish” details that need to be worked out.

Tags: Charitable Giving, Tax Reform
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Minnesota cuts taxpayers a break on 2018 deductions

The Revenue Department's decision is welcome news to charities, said Taylor Putz, a public policy advocate at the Minnesota Council of Nonprofits.

Tags: Minnesota, Income Tax, Tax Reform
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IRS Has Plan to Shut Down SALT Workarounds

Much is at stake, said David L. Thompson of the National Council of Nonprofits, adding that several arguments need to be addressed during the public comment period.

Tags: SALT, State and Local Taxes, Tax Reform
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Nonprofits Respond to Release of Proposed Rules on SALT Workarounds

On the Treasury Department’s release of proposed rules regarding the so-called SALT workarounds, David L. Thompson, Vice President of Public Policy for the National Council of Nonprofits, said:

Posted In: Press Releases
Tags: SALT, State and Local Taxes, Tax Reform
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Guidance on UBTI Allocations Allows ‘Good Faith’ Interpretations

David L.

Tags: UBIT, Unrelated Business Income, Tax Reform
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Unrelated Business Tax Regs May Bring Nonprofits Headaches

David L. Thompson, vice president of public policy for the National Council of Nonprofits, told Law360 the regulations were a good start because they do reduce some of the stress, but they are not perfect.

Tags: Tax Reform, UBIT, UBTI
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The unintended target of tax reform: Churches now face 21% penalty

“I’d say the churches have every right to be outraged,” said David L. Thompson, vice president of public policy for the National Council of Nonprofits. “It’s an oxymoron. It’s horrendously unfair.”

Tags: Tax Reform, UBIT, Transportation Benefits
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Paulsen Floats Plan for Pretax Charitable Giving Accounts

The Paulsen bill demonstrates bipartisan recognition that the TCJA reduces tax incentives for charitable giving and that more incentives are needed, according to David L. Thompson of the National Council of Nonprofits.

Tags: Charitable Giving, Tax Reform

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