Amy Scott
speaker
372 appearances
2 recordings
1 series
first heard Mar 2026
last heard 19 Mar
Amy Scott’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Mar 2026 with 2.
Appearances
I'm Elizabeth Trophall for Marketplace.
And that is likely to change charitable giving itself.
A report out today from the Lilly Family School of Philanthropy at Indiana University says more Americans are likely to make donations under the law, but they're likely to give less money in total, some $5.7 billion a year less.
Marketplace's Carla Javier has more.
The changes do not impact the returns taxpayers are filing right now, says John Bergdahl, one of the researchers on the Indiana University study.
The vast majority of households take the standard deduction, which increased under the new law.
But now the law lets a single filer deduct up to $1,000 of contributions.
That, Bergdahl says, should encourage more people to start making small donations.
Filers who do itemize tend to have higher incomes and make bigger contributions, says Erica York at the Tax Foundation.
Under the new law, they need to give at least half a percent of their adjusted gross income.
You have to give above that floor in order to kick in that itemized deduction.
York says the law also limits itemized deductions for the highest bracket.
So instead of someone in the 37% tax bracket getting to deduct their itemized deductions against that 37 rate, they deduct it against the 35% rate.
Ultimately, York says changing incentives may impact taxpayers on the margins.
But overall, it's not going to be a massive effect.
The Indiana University study estimated that the changes would result in about a 1% decrease in giving.
And that's not great news for nonprofits in today's environment, says Ray Madoff at Boston College.
Which Madoff says puts charities in a tough position going forward.
I'm Carla Javier for Marketplace.
We would be lost without it.
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