Charity Gets a Jolt from Tax Law But Due to Drop Next Year

In this season of giving, charity seems to be getting an extra jolt because next year the popular tax deduction for donations will lose a lot of its punch.

Posted: Dec. 28, 2017 7:10 AM
Updated: Dec. 28, 2017 7:10 AM

WASHINGTON (AP) - In this season of giving, charity seems to be getting an extra jolt because next year the popular tax deduction for donations will lose a lot of its punch.

Scroll for more content...

Traditionally generous Americans may be feeling even more so this year, or maybe they're concerned about the state of a deeply divided country and volatile world.

But a big reason is a lot more concrete: The newly minted tax law. The changes that will make it less advantageous for people to donate to charity in 2018 may be sparking a year-end stream of fattened contributions in anticipation.

The law doesn't eliminate or even reduce the deduction for donations to charitable, religious and other nonprofit organizations. But those who switch to the standard deduction may be less inclined to donate.

Article Comments

Medford
Clear
68° wxIcon
Hi: 73° Lo: 42°
Feels Like: 68°
Brookings
Clear
51° wxIcon
Hi: 59° Lo: 45°
Feels Like: 51°
Crater Lake
Clear
55° wxIcon
Hi: 63° Lo: 34°
Feels Like: 55°
Grants Pass
Clear
66° wxIcon
Hi: 70° Lo: 41°
Feels Like: 66°
Klamath Falls
Clear
55° wxIcon
Hi: 66° Lo: 33°
Feels Like: 55°
Continued Warmth
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events