Erb, Charitable Donation Deductions Plummet After Tax Reform

Erb describes how recent IRS data documents only 12 million taxpayers claiming the charitable donation deduction during the 2018 tax year; the deductions totaled $102.7 billion. Meanwhile, during the 2017 tax year, more than 33 million taxpayers claimed the charitable total deduction, leading to a total of $160 billion claimed. According to Erb, this gap in charitable donation deductions is largely due to the Tax Cuts and Jobs Act of 2017.

Download the full article by clicking Erb, Charitable Donation Deductions Plummet After Tax Reform.

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