Tax Reform: A Lump of Coal in Charities’ Stockings?
At the time this is being written, the final tax reform bill has not yet been finalized with different versions in the House and Senate; however, several aspects of the proposed Tax Cuts and Jobs Bill seem likely to end up in whatever final version can be fashioned and approved. These proposals ought to raise alarm bells for charities of all kinds. The following current proposed tax changes will likely impact the decisions of prospective donors in the future.