Sarah Ford | March 20, 2015
Nonprofit Tax Changes Are Possible This Year, Says House Aide
By Alex Daniels
Nonprofits could see important changes in tax policy from Congress during the current session even though a broad tax overhaul is unlikely to advance this year, according to a leading tax expert in the House.
The Obama administration and many members of Congress have indicated a preference to proceed only with business-related tax changes, rather than opening up the entire tax code for debate. That means provisions like the charitable deduction are unlikely to change this year. But other areas of charitable tax policy are up for grabs, said Harold Hancock, tax counsel for the House Ways and Means Committee.
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