What’s in the House Tax Bill?
Yesterday, House Republicans issued their tax reform bill, H.R. 1, the Tax Cuts and Jobs Act. As was anticipated, the tax reform bill doubles the standard deduction, reducing the number of itemizers from one-third of Americans to about five percent. According to IRS data, this would remove the tax incentive for an estimated $95 billion […]
ACR Statement on House Republican Tax Bill
WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) released the following statement upon today’s release of the House Republican tax reform bill, H.R. 1, the Tax Cuts and Jobs Act. “Tax reform should help increase charitable giving by protecting and expanding the charitable deduction, making it universally available to Americans of all income levels. Charitable […]
ACR News 10.31.17 – Will Tax Reform be a Trick or Treat?
>> Federal: Washington Roundup >> Federal: Universal Charitable Giving Act >> Federal: Annual Meeting Recap >> Federal: Roadmap for Action – November >> Consider This: Expect a Bumpy Ride >> Top Reads: Philanthropy Horror Stories: Donor Intent Gone Wrong It’s no trick. In fact, we’re giving you a treat with a Tuesday edition of the ACR Newsletter. […]
ACR Sessions at The Philanthropy Roundtable Annual Meeting
Last week, The Philanthropy Roundtable held its Annual Meeting in Scottsdale, AZ. As part of the programming, the Alliance for Charitable Reform held a panel on tax policy and charitable giving featuring Robert Sharpe, chairman of the Sharpe Group, and Sandra Swirski, ACR executive director. Pete Bird of the Frist Foundation moderated the panel which […]
Guest Post: The Greater Give
As currently contemplated by Congress, tax reform could lead to a decrease in giving. The Alliance for Charitable Reform and many of our allies in civil society are promoting what we call the Universal Charitable Deduction, which would allow all Americans to deduct their charitable donations from income (more on that idea here). Other ideas […]
ACR News 10.13.17 – Universal Charitable Deduction Legislation Introduced
>> Federal: Washington Roundup >> Federal: Tax Reform? >> Federal: Universal Charitable Giving Act of 2017 >> Federal: Roadmap for Action – October >> Consider This: Walk the Plank >> Top Reads: Nonprofits Battle to Get Charitable Deduction Extended to All Taxpayers Washington Roundup Last week, the House and Senate both took important steps toward tax reform […]
Congress Passes Aid for Hurricane Recovery Efforts Through Charitable Giving
WASHINGTON, D.C.— Congress passed legislation today aimed at spurring additional charitable giving to assist with the relief efforts for Hurricanes Harvey, Irma and Maria. H.R. 3823, the Disaster Tax Relief and Airport and Airway Extension Act of 2017, includes a temporary suspension of limitations on the deduction for charitable contributions to qualified hurricane relief efforts […]
ACR Statement on Republican Tax Reform Framework
WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) issued the following statements upon today’s release of the framework of the Republican tax reform proposal, which preserves the charitable deduction and doubles the standard deduction, among other provisions. “We applaud Republican lawmakers for proposing to preserve the charitable giving incentive,” said Sandra Swirski, executive director of […]
ACR News 9.15.17 – Where are we on Tax Reform?
>> Federal: Washington Roundup >> Federal: So, What’s Up with Tax Reform? >> Federal: Senate Finance Committee Hearing on Individual Tax Reform >> Federal: Tax Reform and Philanthropy’s 3 Percent Solution >> Federal: Faith and Giving Coalition Briefing >> Federal: Roadmap for Action – September >> Consider This: Congress is Back in Town >> Top Reads: Nonprofits […]