Charities fear GOP tax overhaul will dry up donations
Clip: 12/21/2017 | 5m 21sVideo has Closed Captions
Will the tax overhaul mean less money in the pockets of our charities?
Charities are concerned that the GOP tax overhaul disincentivizes giving. By doubling the standard deduction, fewer people may end up itemizing deductions, meaning fewer would take the charitable tax break. Judy Woodruff learns more from Stacy Palmer of The Chronicle of Philanthropy about the effects and gets advice from people who want to give.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Charities fear GOP tax overhaul will dry up donations
Clip: 12/21/2017 | 5m 21sVideo has Closed Captions
Charities are concerned that the GOP tax overhaul disincentivizes giving. By doubling the standard deduction, fewer people may end up itemizing deductions, meaning fewer would take the charitable tax break. Judy Woodruff learns more from Stacy Palmer of The Chronicle of Philanthropy about the effects and gets advice from people who want to give.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...