The $2 trillion stimulus bill that cleared Congress Friday expands the charitable deduction to all taxpayers for a year, makes nonprofits eligible for federal loans that could be largely forgiven, and ...
A Washington Post column takes leaders of the nonprofit world to task for their opposition to capping higher earners’ charitable tax deductions to help finance a health-care overhaul. The columnist ...
The One Big Beautiful Bill Act, signed into law on July 4, contains several provisions that could affect the future of not-for-profit organizations. One provision creates a permanent cash contribution ...
Congress just reshuffled the incentives for charitable giving, providing tens of millions of middle-income households with a tax break while shrinking deductions for corporations and higher earners.
Maryland Gov. Wes Moore’s proposed budget would double taxpayers’ standard deduction while eliminating charitable donations and other itemized deductions, such as mortgage interest and child care ...
Minnesota nonprofits and foundations are backing federal legislation that would offer a tax incentive encouraging more people to donate to charities. The Charitable Act, recently introduced by 11 ...
The proposed One Big Beautiful Bill Act (OBBBA) introduces sweeping tax changes that will significantly impact nonprofit organizations. While the bill aims to encourage charitable giving through a new ...
Think about the nonprofit organizations that have made a difference in your life or the lives of those in your community. What if those organizations were no longer able to provide their services, or ...
Nonprofits face funding cuts and federal policy changes in 2026, impacting charitable giving and operations across Oklahoma and beyond.
The passage of the 2025 Reconciliation Act (or One Big Beautiful Bill Act) in July brought forth a number of changes to charitable giving rules, which will take effect in 2026 and 2027. Accordingly, ...