Preschool Programs, Including Nonprofits, Would See a Big Lift in Spending
The federal government would spend $2-billion next year to ensure all kids from needy families participate in early-learning programs.
White House Seeks to Force Charities to File Tax Forms Electronically
The Obama administration wants to phase in over the next three years a rule that would extend the requirement to groups that have assets of less than $10-million.
Obama Budget Shows Promise for Nonprofits
The proposal would add money to education and health-care organizations, but it would also limit the value of deductions for charitable contributions.
Obama to Renew Call to Limit Charitable Deduction
The White House estimates that the new limit would generate $321-billion in additional revenue through 2021.
IRS Takes Step to Make Charity Data More Accessible
Under pressure from nonprofit advocates, the agency makes it easier to analyze the finances of the nation’s tax-exempt groups.
New IRS data show growth of nonprofits boomed over the past two decades but has slowed considerably in the past two years.
Number of Charities and Foundations Rose Slightly in 2012
New figures from the Internal Revenue Service show a continued slowing in the number of charities created in the United States.
Senate Effort to Protect Charitable Deduction Divides Nonprofits
Some groups were pleased by a Republican plan to protect breaks for donors, but others say it’s a ruse.
Oregon Again Seeks to Crack Down on High Fundraising Costs
After a failed effort in 2011, Oregon lawmakers again want to deny state breaks to charities that spend a lot on overhead.
Influential Republican Seeks to Protect Charitable Deductions
Rep. David Reichert, who is examining charity issues for the Ways and Means Committee as lawmakers consider a tax overhaul, says he doesn’t want to impede giving.
House Bill Would Improve Tax Benefit for Volunteers’ Mileage
Volunteers would be treated the same as people who drive as part of their paid jobs at a business.
Senate Democrats Call for Limits on Charitable Deductions
Nonprofits fear that ideas to change tax breaks could decrease giving.
IRS Makes Changes on Charity Tax Forms
Charities must now report the number of hours workers have put in with affiliated groups, not just the organization filling out the form.
IRS Urged to Revamp How It Grants Charity Status to News Outlets
The IRS’s approach limits the ability of nonprofit news sites to fill the vacuum caused by the loss of commercial outlets, say foundation and media experts in a new report.
Obama May Seek Cap on Charity Deductions—Again
Jacob Lew, the new Treasury secretary, said during his Senate confirmation that the White House would still like to limit the write-offs affluent people get.
IRS to Speed Up Public Disclosure of Groups That Lost Charity Status
The tax agency previously took six months to post the names of nonprofits that had failed to file proper paperwork for three years. Now the names will be released within 30 days.