2 NJ proposals for charitable deductions — one dubious, one laudable

2 NJ proposals for charitable deductions — one dubious, one laudable

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The state association representing many charities, the Center for Non-Profits, worries that with the bigger standard deduction taxpayers get under federal tax reform, fewer will itemize deductions and may reduce their charitable giving as a result.

The center says nonprofits already are chronically underfunded for the increasing community needs they provide. “We are very, very concerned that with the change in the tax code, there will be a significant decrease in charitable giving in New Jersey,” center President Linda Czipo told NJ Spotlight.

Helping New Jersey charities maintain their level of support would be good, as would giving taxpayers a break for doing so.

Source Name: 
Press of Atlantic City
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