In Episode 09 of The Ship Podcast, INJOY Stewardship President and CEO, Joe Sangl, shares vital information regarding the 2018 Tax Reform Bill that was recently passed.
This bill will have a significant impact on charitable giving for the American church and Joe explains exactly how it will impact your church giving and what steps your church can take to confront this new obstacle, head-on.
During this episode, we'll discuss:
- How the standard deduction for individuals increased from $6,350 to $12,000. And for joint filers, how the deduction increased from $12,700 to $24,000.
- As many Americans move from an itemized deduction to the standard deduction, they will notice that many of the items they used to be able to deduct, including charitable contributions to your church, no longer matter.
- How incredibly important it is to communicate early and often to your members that their giving does in fact matter.
- Four ways that you can address this issue and experience a spiritual harvest.
So, don’t let these new changes to American tax laws catch your congregation off-guard when they begin filing their taxes this spring. Get ahead of the curve and begin educating them NOW on WHY their giving matters. To learn more, listen to Episode 09 of The Ship Podcast.