TRPLINKS SHORT
Home SportsEconomyBusinessTechnologyEntertainmentHeightsEnergy
Charity donations likely to drop next year due to tax law
Economy
Published in 2-1-2018
    526 Visits

WASHINGTON - In this season of giving, charity seems to be getting an extra jolt because next year the popular tax deduction for donations will lose a lot of its punch. Traditionally generous Americans may have less incentive to give to charitable causes next year because of the newly minted tax law. The changes that will make it less advantageous for many people to donate to charity in 2018 may be sparking a year-end stream of fattened contributions in anticipation, charity executives and experts say. Starting next year, the millions of relatively small donations from moderate-income people to mainstream charities could be sharply reduced, they say.

Reference: www.chron.com