Nonprofit revenue could be subject to tax under some budget proposals
- March 13, 2025 |
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WILLIAM EHART
Is the taxman coming for association revenue?Proponents of extending existing tax cuts and adding new ones, such as those President Donald Trump advocated on the campaign trail, are looking for ways to pay for them.Some have in their sights trillions of dollars of what is now tax-exempt income for associations and many other nonprofit organizations. Income from dues, events, training and certification, and other areas could be in play.Trump’s 2017 tax cuts expire at year-end. As Congress works through its budgeting process and struggles to find sufficient savings, there are warning signs for associations, said Ali Bedford, vice president at advocacy firm Integer, LLC.Integer is working on… Read More