gotsnowgotslush
skates like Eck
- Joined
- Dec 24, 2007
- Posts
- 25,720
The Trump tax plan
Crafters of the plan have placed the charitable sector directly in harm’s way. Our region’s most charitable and most vulnerable residents stand to lose,” said a statement released by leaders of the Greater Pittsburgh Nonprofit Partnership, United Way of Southwestern Pennsylvania and the Pittsburgh Foundation.
Under the bill that both houses of Congress passed this week, standard tax deductions would roughly double from $6,350 to $12,000 for singles, and from $12,700 to $24,000 for married couples.
The jump means fewer people will itemize because the total value of their deductions would be lower than the new standard. That takes away some of the added incentive to give to charity.
http://www.post-gazette.com/busines...onations-itemize-charity/stories/201712200160
Crafters of the plan have placed the charitable sector directly in harm’s way. Our region’s most charitable and most vulnerable residents stand to lose,” said a statement released by leaders of the Greater Pittsburgh Nonprofit Partnership, United Way of Southwestern Pennsylvania and the Pittsburgh Foundation.
Under the bill that both houses of Congress passed this week, standard tax deductions would roughly double from $6,350 to $12,000 for singles, and from $12,700 to $24,000 for married couples.
The jump means fewer people will itemize because the total value of their deductions would be lower than the new standard. That takes away some of the added incentive to give to charity.
http://www.post-gazette.com/busines...onations-itemize-charity/stories/201712200160