News to Use! What Fundraisers Can Expect from the 2017 Tax Cuts and Jobs Act Expiration
Gail Perry Group
DECEMBER 11, 2024
While the TCJA didnt change charitable giving deduction limits - you could still deduct up to 60% of your adjusted gross income for cash donations - it reduced most tax rates and doubled the standard deduction to $12,000 for individual filers and $24,000 for couples. This was followed by an expected dip in 2018's giving growth rate.
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