Frogman
Level 3

Amen to that! 😀

Sadly, the folks that are taking the real hit on this are the charity organizations themselves. Giving to charities has always had tax benefits. Or at worst case, for someone that doesn't itemize, at least it has a neutral effect on their taxes. But to actually penalize someone and INCREASE their taxes for donating to a charity (which is what happens if QBI is reduced by a charitable donation), something is wrong with that picture, and it certainly can't be what the IRS intended, as it will lead to fewer people donating to charities.

0 Cheers