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Introducing the Charitable Act

On March 1, 2023, a bipartisan group of U.S. Senators introduced the Charitable Act (S.566) that would create a non-itemizer, universal charitable deduction. Specifically, the bill would enable taxpayers who take the standard deduction (about 88% of taxpayers) to deduct charitable donations of up to one-third of the standard deduction, or about $4,600 for individuals and $9,200 for married couples based on the current standard deduction. The bill was introduced with 10 bipartisan cosponsors; a House version of the measure is expected in the coming weeks. Key letters of endorsement from the National Council of Nonprofits and the Charitable Giving Coalition were released last week.

 

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The Foundation for New Hampshire Community Colleges
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Concord, NH 03301

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Tim Allison
Executive Director
603.230.3520
tallison@ccsnh.edu