Using the Whole Whale - A Nonprofit Podcast
Business:Non-Profit
"The Charitable Act," a new bill in Congress, was introduced on January 24, 2023, by Senators James Lankford (R-OK) and Chris Coons (D-DE). As reported by The Nonprofit Times explains that the bill would allow anyone who donates to a charity to benefit from both the standard deduction and the charitable deduction. This would be a significant change from the current tax code, which only allows taxpayers who itemize their deductions to claim a charitable deduction.
The bill has the support of a number of nonprofit organizations, including the National Council of Nonprofits and the Charitable Giving Coalition. If the bill is passed, it could lead to increased charitable giving, which would benefit all nonprofits.
The bill is currently being considered by the Senate Finance Committee. If the bill is passed by the Senate, it will then go to the House of Representatives for consideration. The bill has a good chance of passing both chambers of Congress and being signed into law by President Biden.
The passage of "The Charitable Act" would be a major victory for nonprofits and would help them to continue their important work in communities across the country.
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Summary
What would happen if you interviewed an AI version of yourself?
Large-Scale Giving For Ukraine & Crypto Giving Acquisition (news)
292: (news) Census undercount & Oligarch Philanthropy Problem
291: (news) Historic Refugee Crisis & $80M Crypto Donation Response
290: (news) Invasion of Ukraine Triggers Humanitarian Catastrophe
289: (news) DOJ Headaches & Public Benefit App
288: Fundraising Automations to Setup in Q1
287: (news) Nonprofits Prepare for Ukraine Evac & Volunteer Shortage
286: The Great U.S. Volunteer Shortage & CEO Transition at VolunteerMatch
285: (news) Don’t GoFundMe in Canada & Crisis at Textline Around Data Sharing
284: The Case for Crypto Donations - The Giving Block
282: (news) Nonprofits VS Spyware & National Blood Shortage
282: (news) NGO Capital for Capital Rioters & Red Cross Hack
281: (news) Thousands Serve on MLK Day & A Classy Acquisition
279: (news) PE Firm Acquires Nonprofit Tech & PEW 2021 Data
278: The Hidden Cost of COVID on Children Who Lose Parents
278: (news) Nonprofits Salary Struggles & Franklin A. Thomas Legacy
277: Predictions for Nonprofits in 2022
276: (news) log4j Nightmare Before Nonprofit Christmas & Jobs Report
275: (news) ‘Troll Philanthropy‘ and For-Profit Activism
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