The Taxman Cometh, Part 1: The Downside of the 2017 Tax Bill for Nonprofits
The Agitator
MARCH 13, 2018
Specifically, the Joint Committee of Taxation estimates that 28 million fewer people will take a charitable deduction, falling from about 30% of taxpayers to about 5% of taxpayers. I believe (for what it’s worth) that charity is a value instilled from early in life. The exemption has been moved from $5.5 We’ll discuss that tomorrow.
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