TechSoup Blog | Michael Stein and Jim Lynch | May 31, 2018
The new U.S. tax overhaul officially called the Tax Cuts and Jobs Act went into effect in early 2018. We don’t know with certainty what the effect of the new law will be on charitable donations, but the projections for charitable giving don’t look good.
It is wise and prudent for U.S. nonprofits and faith-based organizations to prepare for a lean year with regard to individual donations. In this blog post, we discuss these upcoming changes and offer some practical suggestions on how your charity can prepare for a difficult year ahead.