S 317 · 119th CongressIn Committeecongress.gov ↗

Charitable Act

What this bill does

AI plain-language summary

This bill would let people who take the standard deduction on their taxes also claim a deduction for charitable donations, up to one-third of their standard deduction amount, for tax years starting in 2026 or 2027. Right now, you generally have to itemize your deductions to get a tax break for charitable giving. The bill also removes the tax penalty that currently exists for people who overstate how much they gave to charity when they don't itemize their deductions.

Introduced

January 29, 2025

Policy Area

Taxation

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