Learn how the new federal tax law–the Tax Cuts and Jobs Act–affects charitable nonprofits. The collection of resources listed below was compiled by the National Council of Nonprofits (NCON).
Click here to access these resources on the NCON website
- Webinar Recording: “Now What: How the New Federal Tax Law Impacts Charitable Nonprofits” (National Council of Nonprofits)
- 2018 Tax Law Checklist: New Federal Tax Law – Now What for Nonprofit Board and Staff Members? (National Council of Nonprofits)
- Nonprofit Analysis of the Final Tax Bill (National Council of Nonprofits)
- H.R. 1 (text of the new 494-page tax law)
- 2018 Tax Brackets, Standard and Personal Deductions (Tax Foundation)
» Click here to access these resources on the NCON website
Overviews on the tax law’s impact on nonprofits
- Nonprofits must move swiftly to fight for sound public policies (Chronicle of Philanthropy/National Council of Nonprofits)
- The new tax law and its impact on nonprofits Part 1 / Part 2 (operations) (NEO Law Group)
- Nonprofits are the unintended victims of the new tax bill (The Hill)
- New Year, New Rules: How the new tax reform affects exempt organizations (Adler & Colvin)
- Nonprofit guide to the “Tax Cuts and Jobs Act” (Seyfarth Shaw)
- Small details in the GOP tax plan affect NY nonprofits in big way (Sharon Stapel, CEO, Nonprofit Coordinating Committee of NY)
- New tax overhaul law has serious implications for nonprofits (NPR)
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Fundraising/new tax law
- Fundraising Resources (National Council of Nonprofits)
- Bad news for nonprofits: Will people still give or as much if they can’t get a tax deduction for their charitable giving? (Washington Post)
- Charities’ Fear Under Tax Bill: Less Money to Help the Needy (New York Times)
- Churches and nonprofits worry charitable donations will plummet under new tax law (The News&Observer)
- How the new 2017 US Tax Law May Impact Fundraising Revenues (Gail Perry)
- How nonprofits should react to the new tax law (Joan Garry)
- 4 Important Things in the New Tax Law You May Have Missed (Chronicle of Philanthropy, Premium Access) (includes discussion of temporary scrapping of the “Pease Limitation”)
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Payroll withholdings
- IRS Early Release Copies of the 2018 Tables for Income Tax Withholding Notice 1036 (IRS)
- 2018 Payroll Tax Rates by State (ADP)
- IRS updates about W-4s
- Tax Code changes will affect your paycheck, and W-4s will require tweaking (Chicago Tribune)
- In shift, GOP eyes more funding for IRS to implement new tax law (Washington Post)
- New credit for compensated family leave explained (This credit will apply to nonprofits via withholdings.) (SHRM)
» Click here to access these resources on the NCON website
Impact from changes to business deductions and personal exemptions
- Comparison chart of 2017 law to key individual provisions in new tax law (tax rates, exemptions, and personal deductions) (Venable LLP)
- Attention Teachers, you can keep your deduction for classroom supplies (CNN Money)
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Excise tax on High Compensation – New Section 4960
- In-depth review of the new IRC Section 4960: Legislation adds significant new tax on exempt organizations’ executive compensation (Nixon Peabody LLP)
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Unrelated Business Income Tax Changes
- Planning for the UBIT Changes (Dennis Walsh, CPA)
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Why advocacy will be needed as a result of the new tax law
- Nonprofits must move swiftly to fight for sound public policies (Chronicle of Philanthropy/National Council of Nonprofits)