The Imapct of the “Tax Cuts and Jobs Act of 2017” on charitable giving
in the months and weeks leading up to the passage of the largest tax reform act since 1986, many in the nonprofit world feared that charitable contributions would be adversely affected by proposed changes reducing the number of donors who itemize their charitable gifts to as few as 5%. Reliable industry sources predicted that the new tax law would cause charitable giving to fall by billions of dollars...
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