IT WILL SERIOUSLY HARM NONPROFITS AND THE PEOPLE WE SERVE…

 

Much is at stake for KBFPC and all our favorite non-profits – it is important to press for changes to the currently proposed tax reforms in order to:

 

1) Protect the current charitable giving incentive. Proposed changes would decrease the number of Americans who itemize on their federal taxes, which could reduce charitable giving by an estimated $30 billion dollars annually. As much as a $15 million annual drop in Alaska!

2) Incorporate a new “Universal Charitable Deduction”.This would allow those who do not itemize and instead claim the standard deduction (most Americans) to deduct their financial gifts to charitable nonprofits on their taxes.

3) Strongly state their opposition to eliminating the Johnson Amendment. The Johnson Amendment protects nonprofits, including churches and houses of worship, from partisan political activity.

Read More at the KBFPC Champions news brief.