New Tax Law: Understanding the Impacts on Charities and Giving
ASU Lodestar Center
APRIL 17, 2018
For those who itemize, the limit for cash donations is raised from 50 percent to 60 percent of adjusted gross income (AGI). With change in tax laws that can influence philanthropy comes an impact to individuals, charities and communities. The Pease Amendment, which limited overall itemized deductions, is now repealed. Key changes.
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