Tax Reform

Tax Reform Implications for Nonprofits

David Heinen, Vice President for Public Policy and Advocacy, North Carolina Center for Nonprofits

November 16, 2017

This fall, Congress is in the process of rewriting the Internal Revenue Code with the dual goals of lowering individual and corporate income tax rates and simplifying our nation’s tax laws. This tax overhaul has major implications for 501(c)(3) nonprofits. 

Non-Itemizer Charitable Deduction

Non-Itemizer Charitable Deduction Would Help Communities

Nonprofits are concerned that federal tax reform plans could significantly reduce incentives for charitable giving. Congress can help ensure that private individuals support the important work of churches and other 501(c)(3) nonprofits by creating a non-itemizer deduction for charitable contributions.