Trump Tax Reform Save For Charities Is Illusory

Trump Tax Reform Save For Charities Is Illusory

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“The notion of simplifying Americans’ income taxes sounds good in concept, but it would be a shame if, in the zeal to simplify taxes, Congress creates a crisis in our communities,” said Tim Delaney, President & CEO of the National Council of Nonprofits in a release in response to the tax reform outline.

When you hear how President Donald Trump is saving the charitable income tax deduction, he’s really saving it just for itemizers (and yes, they skew richer than those who take the standard deduction). “It’s not status quo,” said Delaney.

Source Name: 
Forbes
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