+The Nonprofit Coordinating Committee of New York is urging action on an outstanding bill that would prevent a tax on commuter benefits. Changes to the federal tax code left nonprofits vulnerable to the Unrelated Business Income Tax, but the state...
+Washington, DC – In response to a letter sent by Senators Chris Coons (D-DE) and James Lankford (R-OK) to Treasury Secretary Mnuchin, calling for a delay in the implementation of two...
+Nonprofits had urged lawmakers and the Trump administration to incorporate such a deduction into the tax-cut law as it was being drafted, and they are continuing to make the case for the idea.
+"It's estimated that as few as 5 percent of taxpayers nationwide will continue to itemize their deductions," says Renny Fagan, president and CEO of the Colorado Nonprofit Association.
+"These donors know about tax reform in the abstract but have not fully considered how the increased standard deduction affects them," Fidelity said.
+David Thompson, vice president of public policy at the National Council of Nonprofits, fully expects gridlock given the divided branches of government.
+“While we're not expecting to be able to see the full picture until year-end or even into next year, we are seeing some early indicators” of a downturn, said Rick Cohen, COO of the National Council of Nonprofits.
+"It is going to be somewhat tricky in communicating to people about this change to charitable giving in part because Congress did not technically touch the century-old charitable giving incentive," said Tim Delaney, president and CEO of the...
+Delaney told NPQ, “While the experts on both ends of the political spectrum are projecting huge losses in charitable giving of between $17 billion to $21 billion annually, I don’t think it will be quite that bad this first year, because...
+David L. Thompson, vice president of public policy at the National Council of Nonprofits, said the Everyday Philanthropist Act is appealing because of its simplicity, but there are some “devilish” details that need to be worked out.
