+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.
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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.
+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.
+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.
+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 ...
+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...
+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:
+Good news, bad news
David Thompson of the National Council of Nonprofits told Morning Tax that the group was told that the hearing was canceled, but that it was going to try to look at that as good news.
+Charitable Gifts Slip in First Year Under New Tax Law
“We think that we’re really lagging behind when we’re really going to see the impact in 2019,” said Kristen Merrifield, CEO of the Alliance of Arizona Nonprofits, who said some charities in the state are already shrinking their programs or...
+Final IRS Rules Leave States Few Options for Evading the SALT Cap
This week, the IRS closed the charitable deduction loophole -- and did so in a way that charities say will have a far-reaching impact.
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