I have been extremely disappointed with the way the media has failed to inform the public about how the new tax law affects deductions for charitable giving. They talk all around the subject but never go straight to the point and state the bottom line - that most taxpayers will no longer get any deductions for their charitable giving because they will no longer be able to itemize, thanks to the higher standard deduction. The completely unfair thing about it is that those who give to charity will get no more of a deduction that those who give nothing. This is a wonderful deal for people who don't give anything. It puts them on a even footing with those who give generously. There is going to be a lot of weeping and gnashing of teeth early next year when most people realize that they are not going to be able to deduct their charitable donations.
I've been trying to sound the alarm to my family members, friends, and co-workers but they won't listen to me. They keep hearing the talking heads and politicians tell them they can still deduct their charitable contributions (wink wink, nod nod). The media as a whole has missed its chance to set the record straight. People would probably have listened to them. With enough people calling their representatives and senators in Washington, Congress would feel the pressure to make a change to the tax code to allow people to deduct their charitable contributions even if they can't itemize. But what's going to happen after people recover from their shock at tax time next year is that many of them will either cut back on their charitable giving or eliminate it altogether. And that would truly be a shame, as charities all over this country would suffer, with many perhaps closing their doors. But, then again, maybe that'll be the jolt people (and charities) need to wake them up and getting them screaming to Congress and the president.