S. 317In Committee
Charitable Act
Allows non-itemizing taxpayers to deduct certain charitable contributions in tax years 2026 and 2027 and removes a tax penalty tied to overstated charitable deductions
Plain-English overview
What this bill does
Allows non-itemizing taxpayers to deduct certain charitable contributions in tax years 2026 and 2027 and removes a tax penalty tied to overstated charitable deductions
Key points
- Limit deductible contribution amounts
- Allow charitable deduction claims
- Repeal overstated contribution penalty
Current status
Where it stands
Status
In Committee
Latest action
2025-01-29 — Read twice and referred to the Committee on Finance.
Related context
Topics and policy areas
undefinedTaxation