Don’t forget to register for ASAE’s upcoming webinar titled Associations at Risk: 2025 Tax Reform Implications on Sept. 26 at 1:00 p.m. ET.
Major tax changes are undoubtedly coming in 2025, and ASAE has sounded the alarm that associations and other nonprofit organizations are facing the biggest legislative threat in more than 50 years.
With sweeping tax breaks established in the 2017 Tax Cuts and Jobs Act (TCJA) set to expire in 2025, congressional leaders on both sides of the aisle have called for next year’s tax package to be fully funded at a cost of $3-4 trillion.
Influential legislators and policy think tanks have called for taxing all tax-exempt organizations across the board, applying the 21 percent corporate tax rate to all non-donation net revenue.
Membership dues, sponsorships, investment income and educational program revenue are only a few examples of what is potentially at risk.
Last month, the ASAE board approved a strategic investment to allow ASAE to take the lead in advocating for associations as Congress shapes a tax reform package next year. To stay informed on this issue, join ASAE’s tax reform email list.
This article was provided to OSAP by ASAE's Power of Associations and Inroads.