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Washington Evening Journal
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Tax overhaul concerns charities
Charities and other nonprofit organizations worry that new limits on tax deductions for high-income earners under the fiscal cliff law will discourage donations just as giving is starting to rebound from the recession.
With Congress promising a tax code overhaul, the deduction for gifts to charity no longer seems sacrosanct.
Associated Press
Sep. 30, 2018 8:05 pm
Charities and other nonprofit organizations worry that new limits on tax deductions for high-income earners under the fiscal cliff law will discourage donations just as giving is starting to rebound from the recession.
With Congress promising a tax code overhaul, the deduction for gifts to charity no longer seems sacrosanct.
