Federal Charitable Deduction Status for Nonprofits
The nonprofit community depends on maintaining the charitable deduction credit in the federal tax code because it depends heavily on charitable contributions. Nonprofits would be adversely impacted if the charitable deduction amount is capped, lowered, or eliminated. Below is a summary of reform proposals from the current congressional session.
Tax Cuts & Jobs Act: Select Non-Profit Tax Issues - Presented by Cohen & Grigsby