Minnesota nonprofits want lawmakers to encourage more giving
Published 7:31 am Monday, March 12, 2018
By Mark Zdechlik
MPR News/90.1 FM
Non-profits are concerned the Republican federal tax law will effectively discourage charitable giving.
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The law greatly expands the standard deduction, giving fewer people reason to itemize and reduce their taxable income through donations.
In Minnesota non-itemizers can deduct half of their charitable giving over $500 dollars. The Minnesota Council of Nonprofits Public Policy Director Rebecca Lucero said the state should eliminate those restrictions.
“We want to remove that $500 floor so that someone who’s only able to give $400 or $100 is able to recognize that benefit,” she said. “We also want to encourage more giving and so removing that 50 percent limit from the deduction can help.”