MNN Statement on State Charitable Tax Deduction: “Individual Contributions are the Lifeblood of the Nonprofit Sector”

Earlier today, the Baker-Polito Administration announced that the state charitable tax deduction will be restored for charitable contributions made in calendar year 2021 and beyond.

MNN released this statement from CEO Jim Klocke on the reinstatement of the state charitable tax deduction:

“The state charitable deduction will provide a much-needed boost to individual charitable giving, which declined in 2018 for the first time in years due to changes in federal tax law. These changes stripped donors of their ability to itemize their charitable contributions on their federal tax returns.”

“Most of the people who give to nonprofits in Massachusetts are middle- and low-income earners. The state deduction will benefit hundreds of thousands of them each year. We need to support and promote charitable giving.”

“Individual contributions are the lifeblood of the nonprofit sector. Individual contributions to nonprofits are three times as great as the funds given by foundations and corporations combined.”