Charities ask congress not to alter donation tax breaks - WALB.com, Albany News, Weather, Sports

Charities ask congress not to alter donation tax breaks

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Major road project takes a step forward

    Major road project takes a step forward

    Wednesday, April 23 2014 12:02 AM EDT2014-04-23 04:02:45 GMT
    Lee County Commissioners are close to approving a route for a major road project that will connect the east and west parts of the county. Tuesday night, they heard from Georgia Tech engineers who studiedMore >>
    Lee County residents will soon have the chance to give their opinions on a major road project.More >>
  • City leaders approve new rules for model airplanes

    City leaders approve new rules for model airplanes

    Tuesday, April 22 2014 11:59 PM EDT2014-04-23 03:59:14 GMT
    Albany city commissioners approve new rules for model airplanes.      Following complaints from some people who live near Hilsman Park a citizen's advisory committee spent months studying the issue andMore >>
    Albany city commissioners approve new rules for model airplanes.      Following complaints from some people who live near Hilsman Park a citizen's advisory committee spent months studying the issue andMore >>
  • Voters hear from candidates at forum

    Voters hear from candidates at forum

    Tuesday, April 22 2014 11:56 PM EDT2014-04-23 03:56:54 GMT
    Voters heard from more than a dozen political candidates at a forum Tuesday night hosted by the Albany Civil Rights Institute. People running in Dougherty County Commission, Dougherty County School BoardMore >>
    Days before early voting opens, candidates for several races in Dougherty County get together to try earn voters' support.More >>
ALBANY, GA (WALB) -

Could the income tax deductions you get for giving to charity be reduced or even go away completely?

Lawmakers are considering substantial changes to the charitable giving tax rules.

The leader of one of South Georgia's largest non-profit groups returned to Albany, Friday night, after lobbying members of Congress in Washington.

Officials from dozens of non-profit organizations met with lawmakers in DC Thursday to ask them not to reduce the tax breaks Americans get for donations.

United Way of Southwest Georgia President and CEO LaKiesha Bryant says if those breaks are altered, many organizations could suffer.

"It is going to cause some people to think twice about what they give to an organization and for a community like ours in Southwest Georgia, that can be detrimental. It can actually force some non-profits to close because they really depend on that Philanthropic dollar," said Bryant.

The United Way of Southwest Georgia serves 13 counties, some with a poverty rate over 30%.

Bryant says those people are most vulnerable if tax changes occur.

"These are the people who need our services the most and when non-profits are forced to make decisions about operational dollars or service dollar because they're not giving charitable contributions, that means our community suffers," said Bryant.

Bryant encouraged Congressional leaders to expand tax breaks for charitable giving to encourage people to donate more.

"For donors who give that $25 or $100 gift, it means just as much as that $10,000 or a $25,000 gift, so what we would like congress to do is expand the code to foster more giving because our non-profits need it the most," said Bryant.

After the meetings, Bryant says she feels optimistic congress will do right by the people of America.

"I think it was a great opportunity and I think they really listened to us," said Bryant.

She hopes Congress will make it easier for you to give to charities such as hers.

Tax Policy Center experts predict charitable giving could fall as much as 4.8% if a cap is put on deductions.

 

Copyright 2013 WALB.  All rights reserved.  

Powered by WorldNow