Federal

News Alert: House Ways and Means Member Introduces Legislation to Expand Charitable Giving

Last week, Rep. Danny Davis (D-IL) introduced a bill (H.R. 1260) that would create a universal charitable deduction to allow all taxpayers, regardless of whether they itemize their deductions, to deduct their charitable donations. As you may recall, the number of Americans giving to charity has been steadily declining since 2006, a trend that is […]

ACR News 2.11.19 – ACR Meets with Key Leaders, “Extenders” Update, A Troubling Trend Continues

>> Federal: Washington Roundup >> Federal: State of the Union >> Federal: Tax Talk >> Federal: New Estate Tax Proposals >> Federal: ACR Leadership Meets with Lawmakers >> Federal: Foundations on the Hill >> Caught Our Eye: LLCs v. Private Foundations >> Consider This: AFP 2018 Fundraising Trends >> Top Reads: Nonprofits Lost Donors, Half Squeezed Out Financial Gain […]

Caught Our Eye: The Latest Scoop on the Tax Bill, New Study Shows Cost of UBIT for Charities

One of the biggest questions that will be addressed during this tax season is how the implementation of the Tax Cuts and Jobs Act will affect average Americans. As you know, tax policy can be a difficult issue to navigate. Luckily, Richard Rubin and Heather Seidel of the Wall Street Journal produced a “cool” video […]

ACR News 1.22.19 – New Tax Writers, Grassley’s Priorities, Updated SALT Regulations

>> Federal: Washington Roundup >> Federal: New Tax Writing Committee Members >> Federal: Senate Finance in 2019 >> Federal: Charitable Giving Tax Deduction Act >> Federal: Foundations on the Hill >> Consider This: Implications of the SALT Cap >> Top Reads: IRS provides safe harbors related to the SALT deduction Washington Roundup On January 3, lawmakers returned to […]

ACR News 12.7.18 – Lame Duck, New Members, and New Leadership

>> Federal: Washington Roundup >> Federal: Lame Duck Tax Package >> Federal: New Leadership >> Federal: Foundations on the Hill/ACR Summit for Leaders >> Consider This: New Lawmakers, New Opportunities >> Top Reads: Charities Brace for Tax-Driven Dip in Year-End Giving Washington Roundup With only a few weeks left in the 115th Congress, the House and Senate are […]

Special Edition Newsletter: Election Impact on Nonprofits

>> Federal: Election Update >> Federal: What This Means for the Committees That Govern Nonprofits >> Federal: Remainder of This Year Election Update The 2018 midterm elections were held yesterday and as predicted Republicans maintained control of the Senate and Democrats gained a majority in the House. While some races are still too close to call, […]

ACR News 11.2.18 – Post-election Legislation and Tax Reform 3.0?

>> Federal: Washington Roundup >> Federal: Post-election Legislation >> Federal: Tax Reform 3.0? >> Federal: The Philanthropy Roundtable Annual Meeting >> Federal: Caught Our Eye >> Consider This: In Defense of Distinguishing Charities From Businesses >> Top Reads: Charities worry and wait Washington Roundup As midterm elections approach, both House and Senate lawmakers are in recess and remain focused […]

ACR News 10.5.18 – ACR Convenes Stakeholders to Meet with Treasury on DAFs

>> Federal: Washington Roundup >> Federal: Donor-advised Funds at Treasury >> Federal: Universal Charitable Deduction >> Federal: Disaster Relief Efforts >> Federal: Community Foundation Public Awareness Initiative >> Federal: Caught Our Eye >> Consider This: Worthy of a Charitable Deduction >> Top Reads: Charitable Giving Gets Even Worse In Second Quarter Due to The Philanthropy Roundtable’s Annual Meeting this month, […]

ACR News 7.13.18 – Tax Reform 2.0, UBIT More Than Charities Can Chew

>> Federal: Washington Roundup >> Federal: AEI Report >> Federal: State-Level SALT Workarounds >> Federal: UBIT on Parking Benefits for Employees >> Federal: Universal Charitable Deduction >> Consider This: Tax Reform 2.0 >> Top Reads: Charity Groups Fret Over Upcoming SALT-Deduction Rules Washington Roundup This month, House Ways and Means Chairman Kevin Brady (R-TX) and House Republican tax writers […]