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Nonprofits face new challenges as COVID-era tax deductions end

December 22, 2023

Nonprofits face new challenges as COVID-era tax deductions end

In the season of giving, the Grinch has asserted himself in the halls of Congress when it comes to donating to nonprofits.

Charities locally and across the country were hoping special pandemic-era deductions for charitable contributions would be extended. But those desires were dashed Tuesday when Congress and the White House announced a bipartisan budget deal that appears to have ended non-itemized charitable donations. That means that the estimated 90% of taxpayers who do not itemize will no longer receive even limited deductions for donations.

Read the full article here.

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