Trump’s Tax Law Made Americans Less Charitable, Nonprofits Say
- Higher standard deduction means fewer itemizing, and giving
- Overall charitable contributions fell nearly 2% after tax law
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Americans gave less money to charities last year partly because the Republican tax law changes made many people ineligible for tax breaks that can inspire donations.
Giving by individuals fell an estimated 3.4%, after adjusting for inflation, last year, according to a report released Tuesday by Giving USA. The numbers reflect the first year of the 2017 tax overhaul that expanded the standard deduction, a simpler way of filing taxes, but also excluded millions of taxpayers from claiming a tax break for donating to charity.