You can make a difference in the direction tax policies will take for charitable giving.
It will take you about two minutes to
take action here and communicate with your U.S. Representative and Senators Bill Nelson and Marco Rubio.
A few reasons why are below:
Tax Reform Policies Will Impact
Our Not-for-Profit Organizations -
You Can Help Decide Whether Positively or Negatively:
Florida's members of Congress must hear from you and others now regarding the development of a tax reform bill they want to pass before the end of this year.
Certain proposed changes to the tax code could cost not-for-profit organizations annually over $13.1 billion in charitable donations that they depend upon to provide public good.
Florida's not-for-profit arts and cultural organizations depend upon charitable donations each year to provide their programs to Floridians and to tourists. For example, do you know that approximately 40 percent of financial support for Florida's not-for-profit arts and cultural organizations comes from charitable giving?
Ask for Universal Charitable
Tax Deduction in the Tax Reform Bill
Ask your U.S. Representative and Senators Bill Nelson and Marco Rubio to please include a new "universal charitable tax deduction" provision that could be made available to ALL taxpayers, both itemizers and non-itemizers.
With the incentive of a charitable tax deduction given to all taxpayers, it is anticipated that charities could see a $4.8 billion increase in donations per year, instead of an estimated loss of $13.1 billion that would occur under some of the proposed tax reform changes being discussed now by Congress.
The Public Supports Charitable Giving
A 2016 study by Independent Sector found that 88 percent of voters believe it should be easier for people to deduct charitable contributions from their taxes. A public opinion poll commissioned by the United Way found that most Americans (79 percent) believe reducing or eliminating the charitable tax deduction would have a negative impact on charities and the people they serve.
These proposed tax reform changes could inadvertently impact the effectiveness and benefits of the current charitable tax deduction, which has served to expand charitable giving for over 100 years.
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