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HR 5293 116th Congress House Taxation Charitable contributions Income tax deductions

Universal Charitable Giving Act of 2019

Introduced: December 3, 2019 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 3, 2019
Referred to the House Committee on Ways and Means.
Dec 3, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Universal Charitable Giving Act of 2019

This bill allows individual taxpayers a deduction from gross income (above-the-line deduction) for charitable contributions even if such taxpayers do not elect to itemize deductions for the taxable year. The deduction may not exceed one-third of the taxpayer's standard deduction amount.

What's happening now December 3, 2019

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1