Hundreds of Nonprofits Push for Passage of Charitable Act

A coalition representing hundreds of organizations and companies in the charitable sector is urging Congress to permanently restore a charitable deduction for non-itemizers to address a “troubling long-term decline” in the number of Americans giving to charity. 

The bill would restore a charitable deduction for non-itemizers, this time allowing them to deduct up to one-third of the current standard deduction in charitable gifts annually.

Permanently enacting this legislation would help incentivize all taxpayers, “providing the same support for lower- and middle-income Americans to give more to charity that the tax code currently provides only to the more affluent,” the coalition said in its letter dated December 3, 2024.

To dig deeper, visit the original article on the Thomson Reuters blog.