5 Reasons to Still Make a Tax-Deductible Donation Before End of Year

Posted  by  Idaho Youth Ranch on Nov 13, 2019 8:42:21 AM

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Did you know that, in 2018, charitable giving decreased by roughly 6% in the first quarter compared to the same quarter the year before? Year-over-year data showed that new donors decreased by 12% as well. Why is this? Tax reform. A lot of people found themselves in a lower tax bracket, meaning their take-home pay increased, and their standard deduction was much more of a temptation than making itemized deductions.