IRS

How do the IRS tax law changes affect you?

How do the IRS tax law changes affect you?

The IRS has changed some of its regulations regarding charitable contributions, which has donors and charities alike confused about what the new regulations will mean. I’ve been studying information coming out about the regulations and from I can see, the new tax laws will not have a significant impact on regular annual giving for most donors. The elimination of a personal exemption has raised concern, however the standard deduction for most tax brackets nearly doubled to offset the exemption. If you have enough itemized deductions to exceed the standard deduction, the charitable deduction is still available.…

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