Connecticut Nonprofit CEO: Republican Tax Bill Is "Perfect Storm" For Nonprofits

Connecticut Nonprofit CEO: Republican Tax Bill Is "Perfect Storm" For Nonprofits

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With taxpayers being able to jump on a higher standard deduction, they’ll have less incentive to itemize their deductions. Therefore, they’d be less likely to give to nonprofits.

Casa said nonprofits have already dealt with enough on the state level, but with the federal revamp on the way, a “perfect storm” is developing.

“It hurts the ability of people to [have the opportunity to make] charitable deductions by eliminating charitable deductions to about 90 percent of filers,” Casa said. “And on top of that, it adds about $1 trillion to the federal deficit.”

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