Protect the Charitable Giving Incentive

Today we sent letters to all 10 members of Maryland’s congressional delegation to raise the concerns of charitable nonprofits in Maryland as the 115th Congress considers comprehensive federal tax reform. Multiple elements of the Internal Revenue Code affect the operations and resources of charitable nonprofits, including individual tax rates, the standard deduction, the estate tax, and many more. All are extremely important and must be resolved in the context of other changes. In the letter, we focus on the primary charitable giving tax incentive – the charitable deduction – and sought their support in not only protecting it, but also enhancing it as a viable tool for encouraging individuals to give back to their communities through the work of charitable nonprofits.