Does It Still Make Sense To Give To Charity?

2017 may be the last year that tens of millions of Americans got a tax break for donating to their favorite charities. That’s because the new higher standard deduction of $24,000 per couple ($12,000 single) that President Trump signed into law last December means that only a tiny percentage of taxpayers likely will take itemized deductions, such as those for charitable donations. Still, many donors will continue to give, because the main goal of charitable giving is doing some good.