TCJA Reduced Charitable Giving Incentives, JEC Democrats Say

U.S. Joint Economic Committee

The Tax Cuts and Jobs Act has reduced charitable giving incentives by increasing the standard deduction, and increased costs for nonprofits by taxing employee fringe benefits, excluding them from paid leave benefits, and subjecting them to an obsolete mileage rate, according the Joint Economic Committee Democratic staff.

<p>The Tax Cuts and Jobs Act has reduced charitable giving incentives by increasing the standard deduction, and increased costs for nonprofits by taxing employee fringe benefits, excluding them from paid leave benefits, and subjecting them to an obsolete mileage rate, according the Joint Economic Committee Democratic staff.</p>

<p>The Tax Cuts and Jobs Act has reduced charitable giving incentives by increasing the standard deduction, and increased costs for nonprofits by taxing employee fringe benefits, excluding them from paid leave benefits, and subjecting them to an obsolete mileage rate, according to a report from the Joint Economic Committee Democratic staff.</p>

The Tax Cuts and Jobs Act has reduced charitable giving incentives by increasing the standard deduction, and increased costs for nonprofits by taxing employee fringe benefits, excluding them from paid leave benefits, and subjecting them to an obsolete mileage rate, according to a report from the Joint Economic Committee Democratic staff.