CARES Act Charitable Contributions

The United States saw a 3.4% drop in giving from individuals in 2018 following the Tax Cuts and Job Act (TCJA) of 2017 according to the 2019 Giving USA report. This is due to the standard deduction doubling, which left many taxpayers unable to itemize and therefore having no incentive to give to organizations they had given to in the past.

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