Charities fear loss of tax incentive

A proposed cap or even elimination of federal tax incentives for charitable giving has many local nonprofit organizations fearing a significant drop in contributions.

Changing tax deductions for charitable donations is being discussed in Washington, D.C., as legislators try to find ways to increase revenue, reduce the national deficit and avoid the “fiscal cliff” scenario before the beginning of the new year.

Bud Walther, chief executive officer and president of Community Foundation of Jackson County, said his biggest concern is not that people will stop giving altogether, but amounts will be smaller and won’t be enough to sustain the work of nonprofit groups, including the foundation itself and Jackson County United Way.

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