“Congress just reshuffled the incentives for charitable giving, providing tens of millions of middle-income households with a tax break while shrinking deductions for corporations and higher earners,” the Wall Street Journal reports.
“The shake-up inside the ‘one big, beautiful bill’ that President Trump signed July 4 is expected to alter Americans’ giving patterns when it takes full effect next year, and billions of dollars are riding on taxpayers’ responses to restructured deductions for charitable donations.”
Save to Favorites