{"id":2302,"date":"2025-12-15T10:35:18","date_gmt":"2025-12-15T15:35:18","guid":{"rendered":"https:\/\/www.transy.edu\/third-and-broadway\/?p=2302"},"modified":"2025-12-15T10:39:32","modified_gmt":"2025-12-15T15:39:32","slug":"tax-credit-law","status":"publish","type":"post","link":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/","title":{"rendered":"Tax Credit Law"},"content":{"rendered":"\n
<\/span>\"\"
\n

<\/p>\n<\/div><\/div>\n\n\n\n

\n

Give now before the new tax law changes<\/strong><\/h1>\n\n\n<\/div>\n\n\n\n
\n

A new federal tax law (H.R. 1, now Public Law 119-21) will change how charitable deductions work beginning in 2026. For Transylvania donors, this creates a powerful opportunity to make the most of giving before Dec. 31, 2025.<\/p>\n\n\n\n

Why Acting Now Matters<\/strong><\/h2>\n\n\n\n

Beginning Jan. 1, 2026, a new giving “floor” will be enacted, meaning the first 0.5% of your income that is contributed to non-profits will no longer be tax deductible. Also, for high income donors in the 37% tax bracket, the new laws will limit itemized charitable deductions to 35% of your income.<\/p>\n\n\n\n

One option is to \u201cbundle\u201d 2025 and 2026 giving into one larger gift this calendar year. By doing so, donors can take full advantage of the higher deduction limits in 2025 while making a transformational impact for Transy students right now.<\/p>\n\n\n\n

Others may choose to contribute larger gifts to a donor-advised fund (DAF) before Dec. 31, providing preferable 2025 tax benefits.<\/p>\n\n\n\n

A Lasting Impact<\/strong><\/h2>\n\n\n\n

Whether you give this month, this year or through a donor-advised fund, your generosity fuels scholarships, classroom innovation and opportunities that define the Transylvania experience.<\/p>\n\n\n\n

If you\u2019re considering a major gift, now is the time to talk with your financial adviser about how to make the most of this one-time window of opportunity.<\/p>\n\n\n\n

Give before Dec. 31, 2025<\/a> \u2014 your generosity will go further for you and for Transy.<\/strong><\/p>\n<\/div>\n\n\n\n

\n
\n
\n\n\n\n

More from this issue<\/h2>\n<\/div>\n\n\n\n
\n
\n
\"\"<\/figure>
\n

250 Timeline<\/h3>\n<\/div><\/div>\n<\/a><\/div>\n\n\n\n
\n
\"\"<\/figure>
\n

President\u2019s Circle Honor Roll<\/h3>\n<\/div><\/div>\n<\/a><\/div>\n\n\n\n
\n
\"\"<\/figure>
\n

Legacy of Gratitude<\/h3>\n<\/div><\/div>\n<\/a><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Now in its 10th year, the Writing for and with Nonprofits course continues to bridge the gap between campus and community. <\/p>\n

Continue to “Tax Credit Law”<\/a><\/p>\n","protected":false},"author":2,"featured_media":2037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"35,1","_relevanssi_noindex_reason":"","_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":"","_links_to":"","_links_to_target":""},"categories":[173],"tags":[15,190,189],"article_type":[10],"feeds":[],"class_list":["post-2302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fall-2025","tag-alumni","tag-tax-law","tag-your-gifts","article_type-feature"],"yoast_head":"\nTax Credit Law - Transylvania University<\/title>\n<meta name=\"description\" content=\"Now in its 10th year, the Writing for and with Nonprofits course continues to bridge the gap between campus and community.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Credit Law\" \/>\n<meta property=\"og:description\" content=\"Now in its 10th year, the Writing for and with Nonprofits course continues to bridge the gap between campus and community.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/\" \/>\n<meta property=\"og:site_name\" content=\"Third and Broadway\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/transylvaniauniversity\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-15T15:35:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T15:39:32+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.transy.edu\/third-and-broadway\/wp-content\/uploads\/sites\/26\/2025\/07\/transylvania_seal_feature-1-1200x630.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Transy Webmaster\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@transy\" \/>\n<meta name=\"twitter:site\" content=\"@transy\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Transy Webmaster\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/fall-2025\\\/tax-credit-law\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/fall-2025\\\/tax-credit-law\\\/\"},\"author\":{\"name\":\"Transy Webmaster\",\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/#\\\/schema\\\/person\\\/72bf43fce4c6a0fcae843047481c2e00\"},\"headline\":\"Tax Credit Law\",\"datePublished\":\"2025-12-15T15:35:18+00:00\",\"dateModified\":\"2025-12-15T15:39:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/fall-2025\\\/tax-credit-law\\\/\"},\"wordCount\":237,\"image\":{\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/fall-2025\\\/tax-credit-law\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/wp-content\\\/uploads\\\/sites\\\/26\\\/2025\\\/07\\\/transylvania_seal_feature-1.jpeg\",\"keywords\":[\"Alumni\",\"tax law\",\"your gifts\"],\"articleSection\":[\"Fall 2025\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/fall-2025\\\/tax-credit-law\\\/\",\"url\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/fall-2025\\\/tax-credit-law\\\/\",\"name\":\"Tax Credit Law - Transylvania University\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/fall-2025\\\/tax-credit-law\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/fall-2025\\\/tax-credit-law\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/wp-content\\\/uploads\\\/sites\\\/26\\\/2025\\\/07\\\/transylvania_seal_feature-1.jpeg\",\"datePublished\":\"2025-12-15T15:35:18+00:00\",\"dateModified\":\"2025-12-15T15:39:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/#\\\/schema\\\/person\\\/72bf43fce4c6a0fcae843047481c2e00\"},\"description\":\"Now in its 10th year, the Writing for and with Nonprofits course continues to bridge the gap between campus and community.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/fall-2025\\\/tax-credit-law\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/fall-2025\\\/tax-credit-law\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/wp-content\\\/uploads\\\/sites\\\/26\\\/2025\\\/07\\\/transylvania_seal_feature-1.jpeg\",\"contentUrl\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/wp-content\\\/uploads\\\/sites\\\/26\\\/2025\\\/07\\\/transylvania_seal_feature-1.jpeg\",\"width\":1200,\"height\":683},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/#website\",\"url\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/\",\"name\":\"Third and Broadway\",\"description\":\"The magazine of Transylvania University\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.transy.edu\\\/third-and-broadway\\\/#\\\/schema\\\/person\\\/72bf43fce4c6a0fcae843047481c2e00\",\"name\":\"Transy Webmaster\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tax Credit Law - Transylvania University","description":"Now in its 10th year, the Writing for and with Nonprofits course continues to bridge the gap between campus and community.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/","og_locale":"en_US","og_type":"article","og_title":"Tax Credit Law","og_description":"Now in its 10th year, the Writing for and with Nonprofits course continues to bridge the gap between campus and community.","og_url":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/","og_site_name":"Third and Broadway","article_publisher":"https:\/\/www.facebook.com\/transylvaniauniversity","article_published_time":"2025-12-15T15:35:18+00:00","article_modified_time":"2025-12-15T15:39:32+00:00","og_image":[{"width":1200,"height":630,"url":"http:\/\/www.transy.edu\/third-and-broadway\/wp-content\/uploads\/sites\/26\/2025\/07\/transylvania_seal_feature-1-1200x630.jpeg","type":"image\/jpeg"}],"author":"Transy Webmaster","twitter_card":"summary_large_image","twitter_creator":"@transy","twitter_site":"@transy","twitter_misc":{"Written by":"Transy Webmaster","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/#article","isPartOf":{"@id":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/"},"author":{"name":"Transy Webmaster","@id":"https:\/\/www.transy.edu\/third-and-broadway\/#\/schema\/person\/72bf43fce4c6a0fcae843047481c2e00"},"headline":"Tax Credit Law","datePublished":"2025-12-15T15:35:18+00:00","dateModified":"2025-12-15T15:39:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/"},"wordCount":237,"image":{"@id":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/#primaryimage"},"thumbnailUrl":"https:\/\/www.transy.edu\/third-and-broadway\/wp-content\/uploads\/sites\/26\/2025\/07\/transylvania_seal_feature-1.jpeg","keywords":["Alumni","tax law","your gifts"],"articleSection":["Fall 2025"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/","url":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/","name":"Tax Credit Law - Transylvania University","isPartOf":{"@id":"https:\/\/www.transy.edu\/third-and-broadway\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/#primaryimage"},"image":{"@id":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/#primaryimage"},"thumbnailUrl":"https:\/\/www.transy.edu\/third-and-broadway\/wp-content\/uploads\/sites\/26\/2025\/07\/transylvania_seal_feature-1.jpeg","datePublished":"2025-12-15T15:35:18+00:00","dateModified":"2025-12-15T15:39:32+00:00","author":{"@id":"https:\/\/www.transy.edu\/third-and-broadway\/#\/schema\/person\/72bf43fce4c6a0fcae843047481c2e00"},"description":"Now in its 10th year, the Writing for and with Nonprofits course continues to bridge the gap between campus and community.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.transy.edu\/third-and-broadway\/fall-2025\/tax-credit-law\/#primaryimage","url":"https:\/\/www.transy.edu\/third-and-broadway\/wp-content\/uploads\/sites\/26\/2025\/07\/transylvania_seal_feature-1.jpeg","contentUrl":"https:\/\/www.transy.edu\/third-and-broadway\/wp-content\/uploads\/sites\/26\/2025\/07\/transylvania_seal_feature-1.jpeg","width":1200,"height":683},{"@type":"WebSite","@id":"https:\/\/www.transy.edu\/third-and-broadway\/#website","url":"https:\/\/www.transy.edu\/third-and-broadway\/","name":"Third and Broadway","description":"The magazine of Transylvania University","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.transy.edu\/third-and-broadway\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.transy.edu\/third-and-broadway\/#\/schema\/person\/72bf43fce4c6a0fcae843047481c2e00","name":"Transy Webmaster"}]}},"_links":{"self":[{"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/posts\/2302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/comments?post=2302"}],"version-history":[{"count":9,"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/posts\/2302\/revisions"}],"predecessor-version":[{"id":2436,"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/posts\/2302\/revisions\/2436"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/media\/2037"}],"wp:attachment":[{"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/media?parent=2302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/categories?post=2302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/tags?post=2302"},{"taxonomy":"article_type","embeddable":true,"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/article_type?post=2302"},{"taxonomy":"feeds","embeddable":true,"href":"https:\/\/www.transy.edu\/third-and-broadway\/wp-json\/wp\/v2\/feeds?post=2302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}