January 04 2018 • Rachel Calderon
Lately everyone is talking about the recent changes in the new tax law and how it will affect charitable giving going forward. We’ve been following the updates closely, and have a few thoughts we wanted to share. (Hint: the sky is not falling!)
To start us off, here are some of the biggest changes:
The common question we’ve been asked is if people will continue to give without the tax benefit. We say absolutely yes. Studies have shown time and again that people usually give from the heart and not solely because of the tax benefit. The benefit is an incentive, but not always the main reason.
Here are a few tips to consider as we head into 2018 under the new tax law:
With these thoughts in mind, we encourage you to take the first step toward making change happen in your community. Let’s connect and get the conversation started.