Since December 2017, the nonprofit sector has been buzzing with speculation about how the increase in the standard deduction, resulting in a decrease in the number of people who itemize their taxes from 30% of the population down to 10%, will impact charitable giving. The prediction by economists is that people who do not itemizeRead More The 2017 Tax Law’s Impact On Giving: What Economists Don’t Get
Here’s what we know: The United States has a new set of rules for income taxation.
Here’s what we don’t know: What do these new rules mean to philanthropic giving?
Individuals and businesses are struggling to figure out what impact, if any, the new tax law has on them.