Corporate Taxes, Charitable Organizations, Tax Deductions

Tax Implications of the Big Beautiful Bill on Nonprofits

Partridge Snow & Hahn LLP on 7/9/2025

The proposed One Big Beautiful Bill Act (OBBBA) introduces sweeping tax changes that will significantly impact nonprofit organizations. While the bill aims to encourage charitable giving through a new universal deduction...more

Extension of Charitable Giving Benefits under the CARES Act for 2021

Schwabe, Williamson & Wyatt PC on 6/8/2021

Starting in 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) expanded the deductibility of charitable contributions to incentivize charitable giving during 2020. The Consolidated Appropriations...more

Sweeping Tax Reform Impacts Tax-Exempt Organizations

Patterson Belknap Webb & Tyler LLP on 1/18/2018

After a short period of deliberations by the House of Representatives (the “House”) and the Senate, President Trump signed the final version of H.R. 1 into Public Law No. 115-97 on December 22, 2017 (the “New Law”). The New...more

Tax Reform Advisory: Exempt Organizations

Goulston & Storrs PC on 12/28/2017

On December 22, 2017, the President signed into law H.R. 1, informally known as the “Tax Cuts and Jobs Act” (the “Act”), implementing sweeping changes to United States tax regimes for exempt organizations, businesses in which...more

Nonprofit Guide To The “Tax Cuts And Jobs Act”

Seyfarth Shaw LLP on 12/26/2017

The 2017 “Tax Cuts and Jobs Act” impacts tax-exempt organizations in a variety of ways, including by reducing incentives for charitable giving, applying an excise tax on executive compensation in excess of $1 million per...more

Tax Bill Causes Alarm for Some Charities and Tax-Exempt Organizations

Polsinelli on 12/22/2017

The Tax Cuts and Jobs Act, which has been renamed the Amendment of 1986 Code, was signed into law by President Trump on December 22, 2017. Many are calling it the most sweeping overhaul to the United States tax system in...more