If you are involved in a non-profit this will come as great news to you. A Senate bill would create a “universal deduction” – previously lost in the last tax bill – that would make it more favorable to donate again! That, plus some things that were recently voted into existence, such as short term possibly forgivable loans, will be quite a lifeline for many non-profits. This article from Chronicle of Philanthropy has initial details. https://www.philanthropy.com/article/Senate-Bill-Would-Create/248295

 

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