Nonprofit History Crash Course: How the 2017 Tax Cuts and Jobs Act Cost Nonprofits $16 Billion Per Year in Charitable Donations
The Tax Cuts and Jobs Act of 2017, a sweeping piece of legislation aimed at stimulating economic growth, brought about significant changes to the tax code, including a provision that dramatically altered the landscape of charitable giving in the United States. By nearly doubling the standard deduction, the law effectively eliminated the universal charitable deduction, […]