Kenneth M Scott, CPA, Esq.

Nonprofits and the Tax Cuts and Jobs Act (TCJA)

In addition to its effect on individuals and businesses, The Tax Cuts and Jobs Act (TCJA) includes provisions that may have a significant impact on nonprofit organizations. A few of the provisions that will impact nonprofits are: the increase in the standard deduction, changes to itemized deductions limits, transportation fringe benefits to employees, Charitable deductions associated with preferred seating, and multiple unrelated businesses.

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