WASHINGTON, DC -- Connecticut tax professionals are warning clients that the IRS may not let them keep benefits from a state program designed to ease the pain of the tax law’s cap on state and local deductions.
Policy News
HARTFORD, CT -- CCP follows up on bills SB1137 and SB38, that would have levied new taxes on nonprofits with endowments, pension accounts, or significant savings accounts.
CCP's Policy Update includes links and information relevant to the CT philanthropic community, including: Governor Lamont's state budget proposal and the Nonprofit Alliance's analysis, news on Census 2020 in Connecticut, an update on impacts of the new tax law, and information on federal universal charitable deduction bills.
NEW YORK, NY -- Philanthropic organizations have been on edge since Republicans rammed through the monumental tax bill: Will Americans give as generously now that the incentives have completely shifted? Findings suggest that the the Tax Cuts and Jobs Act of 2017 may deal a particularly devastating blow to charities that make up the private social safety net . . .