Some nonprofits could see fewer donations under new tax plan

Some nonprofits could see fewer donations under new tax plan

Printer-friendly version

"The National Council of Nonprofits is actually concerned as well and estimating about 5 percent will be the decrease in nonprofit giving for the next year," Howard said.

Under the bill, standard tax deductions would roughly double to $12,000 for individuals and $24,000 for married couples.

The jump means fewer people will itemize because the total value of their deductions would be lower than the new standard.

That takes away some of the added incentive to give to charities.

Source Name: 
WWL
Find Your State Association of Nonprofits

Find Your State Association of Nonprofits

Connect with local resources and expertise

Find

Connect With Us

1. Sign up for updates

Stay up-to-date with the latest nonprofit resources and trends by subscribing to our free e-newsletters.

2. Follow us on social media