Charitable Donations

It is estimated that 82% of those that give to charitable organizations itemize their tax returns.

The new tax law that almost doubles standard tax deductions could very well impact charitable donations as a matter of fact Chronicle of Philanthropy estimates that charitable donations will drop by $20 Billion next year! The hope is that people will do the right thing and continue supporting good causes, but there is no denying it the job of fund raising just got a lot harder.

There is so much that is going to change however it will be up to all of us to help each other . We need to set an example for each other and "giving" is from our hearts not from our taxes.