Tax Reform

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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.

Tags: Tax Reform, Charitable Giving, North Carolina
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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.

Tags: Charitable Giving, Tax Reform
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GOP taxed church parking to help pay for big tax cut. Now pastors want it rolled back

The National Council of Nonprofits surveyed members in June and found plenty of anecdotal evidence the tax is “a big fat mess,” as David Thompson, the group’s vice president of public policy, put it recently...

Tags: Transportation Benefits Tax, Tax Reform, UBIT
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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.

Tags: North Carolina, Tax Reform, Charitable Giving, Charitable Giving Incentive, Charitable Deduction
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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.

Tags: Connecticut, Budget, Tax Reform, Charitable Giving
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Americans slashed their charitable deductions by $54 billion after Trump’s tax overhaul

“It’s a big drop in dollars, but those numbers don’t tell the whole story,” said Rick Cohen, spokesman for the National Council of Nonprofits. “That’s just the dollars donated that someone got to write off on their taxes.

Tags: Charitable Giving, Tax Reform
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Bipartisan Support Demonstrated for Repeal of Tax on Nonprofit Transportation Benefits

Washington, DC – In response to the favorable recommendation by the House Ways and Means Committee of H.R.

Posted In: Press Releases
Tags: Transportation Tax, UBIT, Tax Reform
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Nonprofits Worry As More Signs Suggest Americans Are Giving Less

The report is the best look so far at the impact the tax law had in its first year, and advocates for non-profits say the findings back up a number of ...

Tags: Charitable Giving, Tax Reform
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Nonprofit Relief Act of 2019 Introduced In Congress

“The Nonprofit Relief Act would fix new and longstanding tax law policies that hurt the ability of charitable nonprofits to advance their missions in communities throughout America,” said Tim Delaney, president and CEO of the National Council of...

Tags: Tax Reform, Volunteer Mileage, Paid Leave Tax Credit
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Nonprofits Applaud Progress on Repealing Tax on Nonprofit Transportation Benefits

In response to the release of Ways and Means Committee Chairman Neal’s tax bill, Tim Delaney, President and CEO of the National Council of Nonprofits, made the following statement:

Posted In: Press Releases
Tags: Transportation Tax, UBIT, Tax Reform

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