Tax Reform, Trump Administration, Charitable Deductions

Changes to Itemized Deductions in the OBBBA

Cozen O'Connor on 7/24/2025

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, which had narrowly passed through the United States Congress. The OBBBA makes permanent certain tax provisions that were due to expire...more

IRS Says Not So Fast to States' Attempts to Convert High State and Local Tax Obligations to Charitable Deductions to Escape TCJA...

Mitchell, Williams, Selig, Gates & Woodyard,... on 5/25/2018

In Notice 2018-54, the IRS has notified taxpayers that proposed regulations are forthcoming which will deny state attempts to convert a taxpayer’s state and local tax obligations to a charitable deduction in order to avoid...more

Tax Cuts and Jobs Act: Amendments Affecting Tax-Exempt Organizations

McGuireWoods LLP on 11/13/2017

Federal tax reform continues as House Ways and Means Committee Chair Kevin Brady (R-Texas) offered his second amendment to the Tax Cuts and Jobs Acts on Nov. 9, modifying recently introduced legislation discussed in...more

Proposed Tax Reform Bill Impacts Philanthropy and Tax-Exempt Organizations

Patterson Belknap Webb & Tyler LLP on 11/8/2017

On November 2, 2017, House Ways and Means Committee Chairman Kevin Brady (R-TX) introduced H.R. 1, the “Tax Cuts and Jobs Act” (the “Bill”). At over four hundred pages, the Bill promises substantial changes to the Internal...more

Could Tax Reform Threaten Higher Education?

Steptoe & Johnson PLLC on 8/22/2017

Given declining funding from government sources and the continued pressure to minimize tuition increases, it is critical for higher education institutions to encourage private giving. The primary catalyst for private giving...more

"Income, Wealth Transfer Tax Changes Likely Under New Administration"

Skadden, Arps, Slate, Meagher & Flom LLP on 2/8/2017

Comprehensive federal tax reform likely will be a top priority for the Trump administration and Republicans in Congress in the first half of 2017. Although there are differences between their proposals, President Donald Trump...more

For high net worth individuals - What can you do before the end of the year to protect against potential changes in the tax laws? ...

Dickinson Wright on 12/12/2016

President-elect Trump has posted his tax proposals on his website. Although we are unable to say with certainty whether any of these proposals will be enacted, we address three of his proposals and our suggestions. Any of...more

Tax Reform › Trump Administration › Charitable Deductions