Charitable Deductions May Be Capped Under Biden Proposal

In May, President Biden is expected to release a proposal in which itemized deductions (including charitable donations to 501(c)(3) organizations) will be capped at 28% for individuals earning more than $400,000.

Todd Kulkin is our expert on non-profit organizations and can advise on formation, compliance, governance, and the special rules for NPOs. Reach out to Todd at the Warren Law Group by phone at (866) WLGROUP or email info@warren.law and tell us about your Non-Profit goals!