Topic
Charitable Contribution Deduction
256 published works
Nonprofit Law Blog
Payments to Charities
Final regulations from the Treasury Department were published and made effective on Tuesday, August 11, 2020, regarding the treatment of payments (not charitable contributions) to charitable entities in return for…
Nonprofit Law Prof Blog
Ryznar, Extending the Charitable Deduction Beyond the COVID-19 Pandemic
Margaret Ryznar (Indiana) has published Extending the Charitable Deduction Beyond the COVID-19 Pandemic in Tax Notes Federal. Here is the abstract:While the importance of the charitable deduction decreased in the…
The CPA Desk
Quid Pro Quo Not-for-Profit Contributions – What to Know
By Emily Smikal
Charitable contributions aren’t always eligible for tax deductions — even when the not-for-profit recipient is tax exempt and the donor itemizes. Take “quid pro quo” donations. These transactions occur when…
Nonprofit Law Prof Blog
Temporary Universal Charitable Deduction per taxpayer according to JCT
Because the new universal charitable contribution (above the line) deduction of $300 is per eligible individual, defined in Section 62(f) of the Code as an individual who does not elect…
Nonprofit Law Prof Blog
ANSWER FOUND: Why the $300 Above-the-Line Charitable Contribution Is Only Available for Tax Years Beginning in 2020
Thanks to a sharp-eyed reader of this blog (NYU Professor Harvey Dale), I now have the answer to why the $300 above-the-line charitable contribution deduction is only available for contributions…
Nonprofit Law Prof Blog
Coronavirus Nonprofit Law Additional Roundup: Chronicle on Philanthropy Coverage; JCT Scoring; DAFs & Private Foundations; State Guidance
As promised, here are some additional items relating to the effect of the pandemic on nonprofit law.Chronicle of Philanthropy Coverage: The Chronicle of Philanthropy is providing a series of articles…
Nonprofit Law Prof Blog
Coronavirus Nonprofit Law Initial Roundup: CARES Act; Extended Deadlines
This blog has been on hiatus as its contributors have dealt with moving their courses to online delivery, supporting students facing many stressful situations, and of course dealing with the…
Tax, Trusts & Estates Law
The CARES Act and Effects on Charitable Contributions
By Steven M. Saraisky, David J. Choyne
The coronavirus outbreak, the subsequent passage of the CARES Act by the federal government, and current low interest rates have changed the landscape of charitable contributions and planning in 2020.…
The CPA Desk
How CARES Act Changes Retirement Plan and Charitable Contribution Rules
By Emily Smikal
As we all try to keep ourselves, our loved ones and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes…
Nonprofit Law Prof Blog
CRS: The Charitable Deduction for Individuals
The Congressional Research Service recently published The Charitable Deduction for Individuals: A Brief Legislative History. Here is a short summary of the publication:This report provides a brief history of the major…