IRS, Trump and Churches
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Trump, Big Beautiful Bill
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Explícame on MSNNo charity tax and no church tax exemption: Trump's push for Republicans (and not the religious)IRS repeal of church political restrictions energizes GOP strategies but alienates the faithful who value spiritual over political guidance.
A group of Maryland lawmakers is calling on the IRS to expedite federal tax refunds for individuals who are facing financial challenges.
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AlterNet on MSN'Cannot serve two masters': Why evangelicals 'salivating' over new IRS rule may regret itIn a court filing submitted on Monday, July 7, the Internal Revenue Service (IRS) announced that it was changing a rule affecting churches — who, going forward, will be able to make political endorsements in the public without endangering their tax-exempt status.
Even if the megabill boosts charitable giving, nonprofits providing social services are likely to find themselves financially squeezed, an economist says.
Fresh off passage of the “One Big Beautiful Bill,” some anti-tax advocates hope to push the administration to change how taxable capital gains are calculated.