On 'Giving Tuesday,' nonprofits eye tax reform

On 'Giving Tuesday,' nonprofits eye tax reform

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But as the season of charitable giving kicks off, experts are advising to give more this year. That’s because if the tax legislation currently being debated in Congress passes, only about five percent of people nationally will be able to itemize their taxes. Which means about 30 million Americans who currently claim their charitable deduction on their taxes will lose it.

The Foraker Group says if Alaskans whose donations no longer qualify for a tax write-of stop giving, that could mean a loss of anywhere between $5.5 million and $15 million a year.

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