Tax policies impact donors' generosity, affecting bottom line for nonprofits
July 29, 2024
July 29, 2024
NOTRE DAME, Indiana, July 29 -- The University of Notre Dame issued the following news:
Do tax policies really matter for charitable giving?
The short answer is yes.
As most taxpayers know, the U.S. tax code creates incentives for some donors to give money to charities. But the huge tax reform policies of 2017, known as the Tax Cuts and Jobs Act (TCJA), changed that for millions of households. As a result, charitable giving fell by nearly $20 billion annual . . .
Do tax policies really matter for charitable giving?
The short answer is yes.
As most taxpayers know, the U.S. tax code creates incentives for some donors to give money to charities. But the huge tax reform policies of 2017, known as the Tax Cuts and Jobs Act (TCJA), changed that for millions of households. As a result, charitable giving fell by nearly $20 billion annual . . .