Paulsen Floats Plan for Pretax Charitable Giving Accounts

Paulsen Floats Plan for Pretax Charitable Giving Accounts

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The Paulsen bill demonstrates bipartisan recognition that the TCJA reduces tax incentives for charitable giving and that more incentives are needed, according to David L. Thompson of the National Council of Nonprofits.

But before determining whether the Paulsen legislation should be part of the solution, several details need to be resolved, such as “whether employee confidentiality can be protected, whether employee giving options would be expanded or limited, and whether administrative fees will eat into the donations along the lines seen this year in the Combined Federal Campaign,” Thompson told Tax Notes.

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Tax Notes
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