What OBBB Means for Not-for-Profit Organizations

The One Big Beautiful Bill (OBBB) introduces several key tax provisions with implications for not-for-profit organizations. Most significant is a provision that affects the deductibility of charitable contributions for individuals who itemize their deductions. Additionally, new opportunities have arisen for charitable deductions for non-itemizers.

While organizations should not advise donors on individual tax impact, it is important to recognize how this new legislation may influence donors and, ultimately, charitable giving. This discussion highlights the new legislation related to charitable contributions and other matters that affect not-for-profits.

 
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