“In a bare-bones tax reform outline issued today the White House says it intends to preserve the income tax deduction for giving to charity, so you’d think charities would be rejoicing. But it’s more complicated than that.
Yes, they’re applauding the fact that the outline preserves the charitable income tax deduction. But they’re fearful that another provision—doubling the standard deduction to $24,000 a couple--could decimate charitable giving.” [Forbes]
More need to know news:
- First 100 Days of Trump Administration Changed a Pattern in Charitable Donations [Charity Navigator]
- OPINION: Philanthropy’s Response to Trump Misses Focus on the Most-Alienated Americans [Chronicle of Philanthropy]