HR 801 · 119th CongressIn Committeecongress.gov ↗

Charitable Act

What this bill does

AI plain-language summary

This bill would let people who don't itemize their tax deductions claim a deduction for charitable donations starting in 2026 or 2027. Currently, people generally have to itemize their deductions to get tax breaks for charitable giving. The deduction would be limited to one-third of the standard deduction amount. The bill also removes a tax penalty that people face if they overstate how much they donated to charity when they don't itemize their deductions.

Introduced

January 28, 2025

Policy Area

Taxation

Your Vote

Discussion (0)

Explain what is at stake in this bill.

Sign in to join the discussion.

No comments yet. Be the first.