Dire predictions about Trump’s new tax law costing charities billions of dollars have not come true — yet

This tax season put Americans face-to-face with the consequences of the new tax law, and many have been disappointed by smaller refunds and bigger tax bills.

Nonprofits were bracing for the impacts of the new tax law too, but it appears that dire predictions about the revamped tax code creating a $13 billion to $20 billion drop in donations didn’t materialize.

Overall, giving to charities actually increased in 2018, according to recent data.

‘This is the area that our organization was most concerned about because it might be signaling changes in giving from the people who no longer itemize.’

—Rick Cohen, spokesman for the National Council of Nonprofits

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