Trump Tax Megalaw Upends Charitable Giving

“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.”