Universal Deduction


There are many reasons to donate to charity this Giving Tuesday — but here’s a little added tax incentive

“It’s not motivation to give. It’s what gives people the ability to give more,” said Rick Cohen, spokesman and chief operating officer for the National Council of Nonprofits. “Right now, every dollar counts.

Tags: Charitable Giving, Universal Deduction

Negotiations Continue

A bipartisan group of senators is hoping to use the next coronavirus relief package to chip away — in a big way — at Republicans’ efforts to curb the deduction for charitable contributions.

Tags: Charitable Giving Incentive, Universal Deduction

Our Burning Platform for a Universal Charitable Deduction

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...

Tags: Charitable Giving, Tax Reform, Universal Deduction

New tax reform bill could seriously screw nonprofits and the people we serve

I don’t think anyone is recommending we oppose the increase of the standard deduction.

Tags: Tax Reform, Standard Deduction, Charitable Deduction, Universal Deduction

National Council of Nonprofits Statement on the Universal Charitable Giving Act (H.R. 3988)

Washington, DC - In response to the introduction by Representative Mark Walker (R-NC) of the Universal Charitable Giving Act (H.R.

Posted In: Press Releases
Tags: Tax Reform, Charitable Deduction, Universal Deduction, Charitable Giving Incentive

National Council of Nonprofits Statement on Tax Reform Framework’s Potential Consequences for the Work of Nonprofits

Washington, DC - Tim Delaney, President and CEO of the National Council of Nonprofits issued the following statement on the tax reform framework released today:

Posted In: Press Releases
Tags: Tax Reform, Charitable Giving Incentives, Universal Deduction, Estate Tax

Charities Move to Offset Effects of GOP Tax Bill

Congress included a universal deduction in a 1981 tax bill, dubbed the “Christmas-tree bill” because of the many tax-cutting ornaments added by lawmakers, according to a 2016 report by the Tax Policy Center.

Tags: Tax Reform, Universal Deduction, Charitable Giving Incentive

How tax reform could hit charitable giving

The double whammy of doubling the standard deduction while lowering the top rate to 35% from 39.6% could reduce giving by between $5 billion and $13 billion a year, or up to 4.6%, according to a recent study by the Lilly Family School of...

Tags: Charitable Giving Incentive, Tax Reform, Universal Deduction
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