Every day, Habitat for Humanity affiliates across the country rely on charitable giving to fund our programs, and low-income and first-time homeownership incentives to meet our mission for affordable homeownership.
This week, the Senate and House will reconcile the difference betweens their two bills. Both the Senate and House bills double the standard deduction. This will result in as many as 94% of taxpayers no longer having access to incentives encouraging charitable giving and first-time homeownership.
A recent study suggests the potential impact on charitable giving could be as high as $13 billion per year, while home values could fall by as much as 10 percent or more. The combined results could be devastating to local communities around the country.
To combat the doubled standard deductions in both the Senate and House Bills, Senator Lankford (R-OK) introduced the Lankford amendment — an amendment to the tax reform bill that would create "universal" charitable deduction. This will make the deduction available both to donors who take the standard deduction and to those who itemize.
HOW YOU CAN TAKE ACTION
Habitat Greater San Francisco encourages its supporters and all advocates for affordable housing to take action. Together, we can urge members of Congress to support the Lankford amendment. Here are a few ways you can take action:
1. Contact your Senate staff
Find your Senate staff contact here and explain your support for the the Lankford amendment to the tax reform bill:
“Habitat for Humanity urges [Sen. XXXX] to vote for the amendment put forth by Senator Lankford, which would make the charitable deduction, currently accessible only to taxpayers who itemize their deductions, available to taxpayers taking the standard deduction. Habitat also asks the senator to favor any amendment to the tax reform package that would make the charitable deduction universal, should such an amendment be offered. Creating a universal deduction will mitigate potential losses of as much as $13 billion in charitable donations as a result of doubling the standard deduction and could even result in substantial increases in charitable giving.”
2. Share your advocacy on social media
There's power in numbers. Share, repost, and retweet our advocacy page and social posts on Facebook and Twitter! Educate others on what is at stake with the tax reform bill.
3. Talk to your family, friends, and neighbors
Having a conversation is the most powerful tool. Inform others on how they can join in on the fight and help.