+Nonprofits nationwide are bracing for what could be an even larger decline in 2018 because of changes that gave taxpayers a larger standard deduction for 2018 and made itemizing unnecessary for many.
+“The preliminary data is showing for the small- to mid-sized nonprofits, they’re the ones suffering the most.
+The Kentucky Nonprofit Network released the following statement on the bill's passage.
+“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.
+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...
+But the nonprofit sector is increasingly worried that no such bill will become law before the filing season comes to an end.
+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.
+“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.
+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.
+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.
