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S 618 117th Congress Senate Taxation Charitable contributions Income tax deductions Tax administration and collection, taxpayers

Universal Giving Pandemic Response and Recovery Act

Introduced: March 9, 2021 Introduced by: Lankford, James Republican · Oklahoma See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 9, 2021
Read twice and referred to the Committee on Finance.
Mar 9, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

Universal Giving Pandemic Response and Recovery Act

This bill allows individual taxpayers who do not otherwise itemize their tax deductions a deduction in taxable years beginning in 2021 or 2022 for charitable contributions. The deduction is limited to one-third of the standard deduction allowed to such taxpayers.

What's happening now March 9, 2021

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1