Earlier this year we talked about the possible impact of the Tax Cuts and Jobs Act (TCJA) on charitable giving. The “bumpy road” we suggested then seems to be even more uncertain now – thanks, in-part, to some accounting world advice.
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.
Tax reform legislation has been introduced in the House of Representatives with potentially significant implications for the not-for-profit sector.