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The House Tax Bill Is Not Very Charitable to Nonprofits

Post date: 
November 16th, 2017
Article Type: 
External News Article
Article Source: 
Urban Institute and Brookings Institution

Even though the House version of the Tax Cuts and Jobs Act (TCJA) preserves the charitable income tax deduction, other income tax provisions of the bill could reduce charitable giving by between $12 billion and $20 billion in 2018, based on new estimates from the Tax Policy Center. A second provision—repeal of the estate tax—could reduce giving by another $4 billion in the longer run.

Link to article: 
http://www.taxpolicycenter.org/taxvox/house-tax-bill-not-very-charitable-nonprofits

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