+Lawmakers pass tax cleanup bill late Wednesday night
The Kentucky Nonprofit Network released the following statement on the bill's passage.
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+Charitable giving: How to maximize your donations
“We know that most people who donate to charitable nonprofits do so because they believe in the mission of the organization and not for a tax deduction,” said Rick Cohen, Chief Communications Officer for National Council of Nonprofits.
+A priest, a minister and a rabbi get free parking spots …. and the Trump tax law makes their congregations pay! We’re not joking.
The tax applies to things such as as free parking, employer-subsidized transit fares and even flexible spending accounts such as the pre-tax deductions for mass transportation expenses, said Linda Czipo, president and chief executive of the...
+What About Those Fringe Benefits?
But the nonprofit sector is increasingly worried that no such bill will become law before the filing season comes to an end.
+Charitable Giving Shifts Toward Large Donations in First Year of New Tax Law
Charitable revenue from donations of at least $1,000 increased by 2.6% in 2018, according to Monday’s report from the Association of Fundraising Professionals, and there were signs that the tax law is discouraging some gifts.
+A nonprofit sales tax has caused confusion and worse: Three new bills may help
“You know, when you open up the tax code, wonderful things can happen and awful things can happen,” said Danielle Clore, the CEO of Kentucky Nonprofit Network, whose organization supports all three bills.
+Arizona nonprofits brace for federal tax changes
The standard deduction for a married couple almost doubled from $12,700 to $24,000. This means less people will be itemizing, opting to take the standard deduction instead.
+21 percent federal tax on church, nonprofit parking spaces creating confusion in SC
David Thompson predicts that designated parking spots for pastors in Charleston, the so-called “Holy City,” may soon disappear as churches realize they can’t afford a new tax on employee parking.
+Nonprofits, churches may get hit with parking tax
“It will impact organizations that never had to file these forms. Now they have to,” said David L. Thompson, vice president of public policy for the National Council of Nonprofits in Washington.
+In a year-end scramble, charities worry about the impact of new tax law
Rick Cohen with the National Council of Nonprofits says charities are encouraging average folks to give year-round and changing their messaging, "a focus more on the mission of the organization than on the tax benefit that the donor would receive...
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