Charitable Deduction

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House Passage of Its Tax Bill Demonstrates Congress’ Disregard for Their Constituents and the Work of Charitable Nonprofits

Washington, DC - Tim Delaney, President and CEO of the National Council of Nonprofits, which advocates on behalf the work of charitable nonprofits nationwide, released the following statement on the passage of the Tax Cuts & Jobs Act in the...

Posted In: Press Releases
Tags: Tax Reform, Johnson Amendment, Nonpartisanship, Charitable Deduction
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GOP tax bill is full of uncertainty: Who are real winners and losers?

One of the main criticisms surrounding the bill is how it will hit homeowners. If you own property and have mortgage obligations, you are currently only allowed to deduct interests on the first $1 million in home loans.

Tags: Tax Reform, Charitable Deduction
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Editorial: A boost for local nonprofits

A website post at the National Council of Nonprofits concurred, saying, “Representative...

Tags: Charitable Deduction, Tax Reform
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Nonprofits Anticipate Loss Over GOP's Tax Plan

Now, according to the National Council of Nonprofits, the House GOP's proposed tax plan would discourage people from giving.

Tags: Tax Reform, Charitable Deduction
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Charitable Nonprofits, Foundations Agree: It’s Time to Vote No on the House Tax Bill

The Council on Foundations and the National Council of Nonprofits stand united in opposing H.R.

Posted In: Press Releases
Tags: Tax Reform, Charitable Deduction, Johnson Amendment
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GOP Tax Plan Could Hurt Donations To Austin Nonprofits

Both the U.S. House and Senate are proposing tax overhauls, and both plans include the doubling of the standard deduction – but there is a tradeoff.

Tags: Tax Reform, Charitable Deduction
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Minnesota nonprofits work to amend federal tax bill

Individuals can also choose to itemize their deductions, such as donations to nonprofits. But since the tax bill doubles the standard deduction, it is unlikely the total amount will result in less income tax than the standard. 

Tags: Minnesota, Tax Reform, Charitable Deduction
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GOP tax plan could cut billions in charitable donations

"Many of these groups that were hard-hit that didn’t receive funding — many of them still haven’t received funding,” said Anita Banerji, director of public policy for Forefront, a statewide membership association for nonprofits and foundations....

Tags: Tax Reform, Charitable Deduction, Illinois
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Proposed Tax Overhaul Catches Attention From Local Charities

Watch this story at http://denver.cbslocal.com/video/category/spoken-word-kcnctv/3760149-pro...

Tags: Tax Reform, Charitable Deduction
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Republican tax plan threatens to slash charitable giving

But Rick Cohen, spokesman for the National Council of Nonprofits, which represents charities, said Republican claims that the bill left the charitable deduction unchanged were misleading, given the obvious knock-on effects of other reforms around...

Tags: Tax Reform, Charitable Deduction, Charitable Giving Incentives

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