Nonprofit Issues

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 […]

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 […]

The Evidence is Stacking Up: Current Tax Reform Bills Will Reduce Charitable Giving

New research from the Tax Policy Center has told us how charitable giving will be affected by the House tax reform bill, H.R. 1, the Tax Cuts and Jobs Act, and it’s basically what we already knew. Even though the House version of the Tax Cuts and Jobs Act (TCJA) preserves the charitable income tax […]

Universal Charitable Deduction, CHARITY Act Offered as Amendments to Senate Tax Reform Bill

WASHINGTON, D.C.— Two amendments aimed at protecting and expanding charitable giving will be considered by the Senate Finance Committee this week during the markup of the Senate tax reform bill, the Tax Cuts and Jobs Act. The first is an amendment from Sens. Debbie Stabenow (D-MI) and Ron Wyden (D-OR) that seeks to prevent almost […]

ACR News 11.10.17 – Tax Reform in Full Swing

>> Federal: House Tax Reform Bill >> Federal: Senate Tax Reform Bill >> Federal: JCT Analysis Tax reform is now in full swing with legislation having been unveiled in both houses of Congress and the Ways and Means Committee advancing the House version for consideration on the floor of the House. We provide all the […]

Itemized Charitable Deductions Will Fall $95 Billion Under House Tax Reform Bill

With the markup of the House Republican tax reform bill, H.R. 1, the Tax Cuts and Jobs Act of 2017, in full swing, the Joint Committee on Taxation released a memorandum yesterday that confirmed the very concerns that ACR and our partners in the nonprofit sector have been proclaiming for months. “For tax year 2018, […]

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. […]