Minnesota nonprofits work to amend federal tax bill

Minnesota nonprofits work to amend federal tax bill

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Individuals can also choose to itemize their deductions, such as donations to nonprofits. But since the tax bill doubles the standard deduction, it is unlikely the total amount will result in less income tax than the standard. 

This takes away the incentive for individuals to give, because the standard deduction would yield less taxes to pay, said Rebecca Lucero, public policy director for the MCN. 

In the letter, Minnesota nonprofits say the tax proposals “undermine our shared prosperity” and fewer people would donate to programs supporting housing, education, transportation and arts and sciences.

“We wanted to make sure that our members of congress knew our concerns and some priorities we’d love for them to set,” Lucero said.

Source Name: 
Minnesota Daily
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