How to Give to the ACLJ Without Giving Up Your Tax Deduction
Give Without Giving Up Your Tax Deduction
We wanted you to be aware of a creative way that you can still support the work of the ACLJ without losing your tax deductions. The following from Forbes explains it:
Give To Charity Without Giving Up Your Tax Deduction
Did you finish your 2018 tax return and feel like you missed out on the tax break for charitable contributions? If so, you’re not alone. Thanks to tax law changes, many taxpayers who used to itemize their deductions took the new, higher standard deduction this year—eliminating the benefit of their 2018 charitable giving.
Fortunately, with a little planning and a special vehicle called a donor-advised fund, you can maintain your charitable giving and still enjoy a tax break. Before I explain the strategy, let’s break down why your charitable donations may not have been rewarded by the IRS this year.
The 2017 Tax Cuts and Jobs Act doubled the standard deduction from roughly $12,000 to $24,000 for a married couple filing jointly. The new law also capped state and local tax deductions at $10,000. Taken together, these changes mean many taxpayers who previously itemized their deductions (including charitable donations) are now simply taking the standard deduction.
There’s an alternative approach, though: For individuals who typically make at least $5,000 worth of charitable gifts each year, donor-advised funds offer a way to continue receiving a tax break for supporting your favorite causes. . . .
ACLJ wins BIG in Court Against Biden's Unconstitutional Overreach
We have helped win at the district court level against the Biden Administration. We took legal action after the Biden Administration used the sixth COVID-19 stimulus bill to take away states’ ability to cut or ban taxes. Basically, President Biden and the Left enacted legislation declaring that if...
ACLJ Roundup: Border, Bible, and Business
There is a lot going on right now, and our ACLJ team is breaking it down. President Biden has officially terminated former President Trump’s “Remain in Mexico” program amidst the record high surge at our border. The “Remain in Mexico” program allowed tens of thousands of migrants to remain in...
ACLJ, Members of Congress File in Court On Biden’s Tax Cut Ban (Recap)
We just took major action in court to fight back against President Biden and the radical Left’s unconstitutional overreach. Today on Sekulow , we discussed the breaking announcement that the ACLJ is filing a critical amicus brief in court to challenge President Biden’s power grab to control state...
This Easter, Do Not Be Afraid, But Remember Our Christian Brothers and Sisters Around the World Facing Violence and Persecution
“Do not be afraid.” Those were the words of the angel who appeared to Mary Magdalene and Mary, the mother of Jesus, according to Matthew 28 : The angel said to the women, “Do not be afraid, for I know that you are looking for Jesus, who was crucified. He is not here; he has risen, just as he said.