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.
Read more ➝
Summary
Elon Musk blames Anti-Defamation League For... (news)
From Dark Money to Digital Petitions: Reclaiming Government With Tech | MapLight.org
60 Years after a Dream (news)
Who are YOUR people? What is THEIR journey? | The Open Lines Marketing Framework
Telemarketing Scam Costs Charities $22m (news)
Why Don’t Governments Want Direct Democracy Online Petitions?
NYC Asylum Seekers in the Street & Milk Money Story (news)
Humanitarians Sound Alarm On Conflict & Atrocities In Sudan While Donors Fall Short (news)
Green Tax Credits for Nonprofits (news)
Risk of Global Famine is Real (news)
How much should nonprofit consultants charge for... ?
Global Warn(m)ing for Social Justice Nonprofits (news)
Supreme Court Cancels Affirmative Action (news)
LIV Golf Becoming Nonprofit? (news)
Rebalancing Literacy in the US - What Nonprofits Need to Do Now... (news)
SWAT Raid On Cop City Bail Fund Organizers (news)
Debt Ceiling Compromise Means Cuts to Assistance (news)
”I Can’t Save You” Author Interview: Anthony Chin-Quee
How to turn $89m in Donations into Robocall scams (news)
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Advocacy Scoop Podcast
Social Dallas Podcast
Change Church Podcast
Six Degrees with Kevin Bacon
The Biz of Nonprofit Consultants