+Will NJ create a tax deduction to reward charitable giving?
A bill to enact the deduction was already approved by the Senate in March but it has not moved in the Assembly, where it is still pending before that chamber’s Budget Committee.
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+Nonprofits nervous as giving declines with new tax law
Changes to federal tax law that took effect in 2018 removed at least part of that incentive, and local nonprofits are starting to feel the strain.
+Op-Ed: Charitable Deduction Would Help New Jersey Nonprofits
We know from IRS data and New Jersey’s Center for Nonprofits that, in fact, lower-income families donate a higher percentage of their income to charity than higher-income taxpayers do.
+How to get a tax break for charitable donations under the Republican tax bill
With tax rates poised to go down, you’ll get more bang for your buck if you donate as much as you can to charity by Dec.
+Louisville nonprofit leaders fear revenue hit from tax bill
Danielle Clore, executive director and CEO of the Kentucky Nonprofit Network, said nonprofits lobbied Congress to include in the law a universal deduction that would have allowed any taxpayer — whether...
+Connecticut Nonprofit CEO: Republican Tax Bill Is "Perfect Storm" For Nonprofits
With taxpayers being able to jump on a higher standard deduction, they’ll have less incentive to itemize their deductions. Therefore, they’d be less likely to give to nonprofits.
+Charitable Nonprofits to Congress: The Final Tax Bill Would Sabotage Our Work in Communities. Kill the Bill and Start Over.
Washington, DC - Tim Delaney, President and CEO of the National Council of Nonprofits, which advocates on behalf of charitable nonprofits nationwide, released the following statement in opposition to the deal reached by a majority of conferees on...
+Bad news for nonprofits: Will people still give or as much if they can’t get a tax deduction for their charitable giving?
Tim Delaney, president and CEO of the National Council of Nonprofits, told NPR’s Pam Fessler that a decline in donations “is worrisome at a time when Congress is also trying to cut spending on domestic programs.
+How new tax plan could impact local nonprofit organizations
But leaders of local nonprofit organizations fear it could bring less money to their cause. Kentucky Nonprofit Network Executive Director Danielle Clore says the doubling will mean fewer people will itemize.
+Here’s Everyone Who’s Freaking Out About the Tax Bill and Why
People who like keeping politics out of church and churches out of politics: freaking out. Largely...
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