+Massachusetts income tax rate will drop to 5% on Jan. 1
Today, donations to charity are only deductible on federal, not state, income taxes.
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+Giving Tuesday: Where is your money going?
“A large percentage of the donations that nonprofits see throughout the year occur throughout this time period,” said Kate Rubalcava, CEO of Utah Nonprofits...
+Local nonprofits adjust to tax code changes
Among the law’s biggest changes, explains David Heinen of the North Carolina Center for Nonprofits, was almost doubling the standard income tax deduction.
+Nonprofits See Hints Tax Law Has Cut Giving
Nonprofits have seen troubling trends in giving, but it’s hard to pin the blame on the tax law change, said Rick Cohen, COO and spokesman for the National Council of Nonprofits in Washington.
+National Council Of Nonprofits CEO: Big Donations Masking Drops In Individual Giving
Some charities across the country are struggling.
That’s according to Tim Delaney, the head of the National Council of Nonprofits.
+Nonprofits Identify Need for Disaster Relief Tax Package
“We are eagerly awaiting the release of the Senate Finance Committee Disaster Tax Relief Task Force report on how tax law can be improved to help people when natural disasters like Dorian hit,” Thompson told Tax Notes September 10.
+Charitable giving drops in the first half of 2019
Overall revenue from charitable gifts is down 7.3% nationwide for the first six months of the year, and according to Louisiana Association of Nonprofit Organizations President and CEO Kelly Pepper, the decline hasn’t avoided Louisiana-based...
+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.
+Experts in charitable giving say donations from Alaskans can’t make up funding losses caused by vetoes
Charitable giving in Alaska is influenced by unique factors that limit how much money can be raised and how fast, said Laurie Wolf, who heads up The Foraker Group, which works with nonprofits across the state.
+Federal tax cut, state budget problems have hurt Connecticut nonprofits
Nonprofits across the country have experienced the “aftershocks” of the 2008 economic recession, said Gian-Carl Casa, president and CEO of the Connecticut Community Nonprofit Alliance.
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