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). The Tax Policy Center projects that those who will get an itemized deduction for their charitable donation will be reduced from 37 million to 16 million in 2018. Let's examine each of them.
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