Posts tagged: 2017 Tax Reform Act

The Right to Give Initiative

Written by Paul Caprio

Since the founding of this country, Americans have believed in local individuals helping those in need… not government programs administered by Federal bureaucrats.

Unlike Europe where charity is dispensed by government and state-subsidized and approved churches, America had a very different approach.

For this reason, the Federal Government has allowed individuals to deduct contributions to 501 (c) 3 approved churches and charities on their federal income tax return.

In 2017, as a result of major changes in the IRS tax code, tax rates were lowered on both individuals and corporations.… Continue Reading