Friday, February 22, 2019

The Effects of 2019 Tax-Policy Decisions Will Linger for Decades. It’s Time to Weigh In

    In their article, Tim Delaney and David Thompson give their opinions on the 2019 tax policy decisions. They believe that 2019 will be a big year for deciding whether nonprofit organizations’ missions will be constrained for decades by extra financial burdens imposed by the government. They predict that by the end of the year nonprofits will finally have answers to questions left by the 2017 federal tax law. For example, will donations decrease for charitable organizations? Early reports showed fewer small to midsize donation, which is troubling because of the decline in the number of donors because of the doubling of the standard deduction in the 2017 federal tax law. Will nonprofits owe more in income tax because of the new taxes levied on fringe benefits and non related business income? This question comes with some good news because many state level governments see no sense in taxing nonprofits for parking and transit passes. To learn more about Tim and David’s predictions for 2019, click here



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