The passage of the Protecting Americans from Tax Hikes Act of 2015 (PATH) brought with it opportunities for long-term tax planning that benefit tax-exempt organizations. The PATH Act makes permanent several popular tax provisions, including measures related to:
- Qualified conservation contributions,
- Food donations,
- Distributions from IRA accounts,
- Payments from controlled entities to their not-for-profit parent organizations, and
- S corporation charitable contributions
These provisions offer incentives for taxpayers to donate to charitable causes through deductions and other favorable changes to their tax liability.