“The change is particularly concerning because there are so many nonprofits that are already overstretched and even a small decrease in donations could have devastating effects for a small nonprofit and the people they serve,” said Rick Cohen,...
“We have estimates of anywhere from $13 to $21 billion dollars in a loss for charitable donations across the country,” said Kate Rubalcava, CEO of the Utah Nonprofits Association. “In Utah, specifically, we’re not seeing that type of projected...
“The charitable deduction is only available to taxpayers who itemize and because the standard deduction has been raised, fewer taxpayers will be able to take advantage of itemizing and fewer taxpayers will be able to take charitable deductions,”...
“This package looks familiar because it delivers bipartisan relief from some of the Affordable Care Act’s most egregious taxes,” Brady told reporters. He called the new package “95 percent bipartisan."
David L. Thompson, Vice President of Public Policy of the National Council of Nonprofits, was critical of the IRS’s notice and said that it demonstrates that the tax on nonprofits’ expenses for transportation benefits needs to be repealed.
"We're encouraged by the bipartisan recognition of the damage that a new 21 percent tax would have on nonprofits' ability to serve their communities," said David Thompson, vice president of public policy at the National Council of Nonprofits.