Advertisement

Austin's Top News

News > News > Austin's Top News > Tax changes worry non-profits

Tax changes worry non-profits

(Photo: Shutterstock by Woodygraphs)

 

The new tax bill doubles the standard deduction for taxpayers and that's something that's causing a lot of concern for nonprofits.  Major Andrew Kelley with the Salvation Army in Austin said it sounds good on paper, but there may be fewer charitable donations made next year, especially from younger generations.  That's because of the standard deduction doubles in the new tax law, which could mean fewer people itemizing deductions, including deductions for charitable contributions. 

Kelley says nonprofits depend on those donations as they make their annual budgets.  

FOR IMMEDIATE RELEASE: Over the past few weeks there have been several attacks against specific members of our...
Manor Police are investigating a woman's claim that a person dressed as a police officer punched her in the face...
Attorneys for Meechiael Criner have agreed to waive allegations of jury tampering, but are still moving forward...
As coastal residents in Virginia, Maryland and the Carolinas start heading away from the approaching Hurricane, a...
(Credit: Austin Community College) The Austin Community College District (ACC) is preparing its campuses in the...