Charitable Deduction

Who’s SALTy? A Roundup of the States Trying to Use “Charitable” Donations as SALT Deduction Cap Workarounds

As states inch closer to implementing policies using the charitable deduction as an avenue to skirt the new cap on the deduction for state and local taxes (SALT), a recent opinion piece by Suzanne Garment and Leslie Lenkowsky in The Chronicle of Philanthropy details the importance of treating philanthropic contributions and government money as two […]

ACR News 1.12.18 – Tax Work Continues While States Get Creative

>> Federal: Washington Roundup >> Federal: No Budget, No Reconciliation >> Federal: Chairman Hatch Announces Retirement >> Federal: New Tax Writers and Subcommittee Chairs >> Federal: State-level SALT Workarounds >> Federal: ACR Summit for Leaders >> Consider This: Tax Work Continues >> Top Reads: Charities trying to gauge impact of federal tax reform on giving Washington Roundup […]

ACR Statement on Passage of Tax Cuts and Jobs Act

WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) issued the following statement on the final passage of the Tax Cuts and Jobs Act. “A vibrant economy generates the wealth that makes philanthropy possible and we applaud Congress for making economic growth a priority in tax reform. We also acknowledge lawmakers’ effort in trying to achieve […]

ACR News 12.8.17 – A Meeting of the Minds

>> Federal: Washington Roundup >> Federal: Conference Committee: A Meeting of the Minds >> Federal: What a Will be in the Bill? >> Federal: What Comes Next? >> Federal: That Pesky Budget >> Federal: Roadmap for Action – December >> Consider This: Unintended Consequences >> Top Reads: Final Senate Bill Provides Little For Nonprofits Washington Roundup This […]

ACR Statement on Passage of Senate Tax Reform Bill

WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) released the following statement upon passage of the Senate version of the Tax Cuts and Jobs Act. “We applaud Congress’ objectives of economic growth and tax simplification in tax reform, and we are grateful that both the House and Senate versions of the legislation preserve the charitable […]

Economic Growth (Probably) Won’t Make Up for Lost Charitable Giving

One of the claims being made during the debate over tax reform and its likely effect on charitable giving is that any reduction in donations due to the increased standard deduction (estimated by a couple of sources to be between $12 billion and $20 billion annually) will be made up for by increased economic growth. […]

Charitable Giving is Not a “Tax Dodge”

The time of year stretching from late November through New Year’s Eve is often known as the “Giving Season,” as many Americans not only celebrate the holidays but also find a little extra to give to charities and those in need. And while it is almost surely several places out of first on any donor’s […]

Action Alert: An Update on Tax Reform

After many starts and stops over the last 30 years, Congress is poised to complete a comprehensive rewrite of the tax code. The House of Representatives passed its version of the Tax Cuts and Jobs Act on Thursday, November 16. Later that same evening, the Senate Finance Committee completed the amendment process of the Senate […]

ACR News 11.17.17 – Two Tax Bills. What’s the Same? What’s Different? And What’s Next?

>> Federal: Washington Roundup >> Federal: The Details >> Federal: Notable Omissions >> Federal: Tax Policy Center and JCT Analysis >> Federal: Universal Charitable Giving Act >> Federal: Roadmap for Action – November >> Consider This: It Ain’t Over Till It’s Over >> Top Reads: House Signs Off On Tax Bill That Hurts Charities Washington Roundup Congress […]