Congress to Review Charitable Giving Tax Deduction Act
February 19, 2019
In response to the Tax Cuts and Jobs Act, Representatives Chris Smith, R-N.J., and Henry Cuellar, D-Tx., have sponsored a bill to expand charitable giving tax incentives. The Charitable Giving Tax Deduction Act would offer taxpayers a charitable deduction regardless if they itemize deductions.
Rep. Cueller said the bill encourages giving back to communities and ensures taxpayers that opt not to itemize receive a deduction for charitable giving. Rep. Smith commented that charitable organizations depend on taxpayers’ generosity and could also benefit under the bill.