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Posted on 4/8/15 at 4:27 pm to Helmethead
quote:I think you would see a significant decline in annual donations, but a corresponding increase in testamentary donations.
Would they see a significant decrease in donations/purchases if these are no longer considered "tax deductible"?
Posted on 4/8/15 at 5:15 pm to Helmethead
I've read proposals that still allow for mortgage interest and charitable deductions which is good because there is an outflow of cash that contributes to other businesses associated with those deductions.
I personally believe the tax deduction is a major reason people give. if it were to go away, it could mean major trouble for 501c3s.
I personally believe the tax deduction is a major reason people give. if it were to go away, it could mean major trouble for 501c3s.
This post was edited on 4/8/15 at 5:15 pm
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