Roughly 22 million fewer people claimed a tax benefit from their charitable giving in 2018 than in 2017, thanks primarily to the higher standard deduction threshold established under the Tax Cuts and Jobs Act of 2017. According to a study by Giving USA, inflation-adjusted individual charitable contributions decreased by 3.4% from 2017 to 2018.
Tag: charity donation
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Great endings & fresh starts: Final days to help Give!Local nonprofits
As the two-month campaign nears its close, donations are surging toward the philanthropic project’s second-year goal of $60,000. Anyone thinking about making a donation is urged to do so quickly. The effort to raise funds for 47 outstanding WNC nonprofits ends at the stroke of midnight, Dec. 31.