Americans slashed their charitable deductions by $54 billion after Trump’s tax overhaul

New data on Americans’ tax returns adds to the growing body of evidence that charities are taking a hit as a result of Trump’s overhaul of the tax system — and it could be worse than some predicted.

Taxpayers have itemized $54 billion less in charitable contributions so far this tax season compared to the previous year, according to new IRS stats.

Charities have been bracing for a downturn in donations since the 2017 Tax Cuts and Jobs Act was signed into law. Some experts predicted charities could take a $21 billion hit because of the new law.

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