What Is In the “One Big Beautiful Bill” Act That Could Impact Nonprofits?

HR-1, signed into law on July 4, 2025, contains several provisions that are particularly relevant to the nonprofit sector. This article by Dean Dorton reviews some of the general changes, such as how the new deadline for the Employee Retention Credit has been moved back to January 31, 2024 and the reporting threshold for Form 1099 has been increased to $2,000. Notably, the bill also includes modifications to charitable giving rules, which could have a significant impact on nonprofit fundraising strategies. The article linked below from Fox Rothschild provides a helpful overview of these charitable giving modifications. With the legislation now enacted, nonprofits can begin evaluating the new tax landscape and planning accordingly.