Homework answers / question archive / There is an argument that the tax deductions for charitable contributions indirectly subsidize these activities

There is an argument that the tax deductions for charitable contributions indirectly subsidize these activities

Law

Share With

There is an argument that the tax deductions for charitable contributions indirectly subsidize these activities. Explain how this could be true. Also, weigh the impact of TCJA on charitable contributions and comment on any unintended consequences to charitable organizations as a result. Then consider that more recently, the onset of the Coronavirus pandemic lead to the passage of the CARES Act, which included expanded options for charitable contributions beginning with 2020 tax return filings.  Evaluate this recent tax change by comparing and contrasting with prior TCJA provisions.  Given that the status of charitable contributions is unknown for 2022, do you foresee any unintended consequences as a result?