Major Changes Affecting Nonprofits and Other Tax-Exempt Organizations Proposed in the One, Big, Beautiful Tax Bill
Withum
MAY 20, 2025
Charitable Giving Modifications Standard Deduction Extension Section 110002 permanently extends the higher standard deduction (currently $15,000 single / $30,000 joint for 2025) and temporarily increases it by an additional $1,000 ($2,000 for joint filers) through 2028.
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