Bipartisan Legislation Creating Universal Charitable Deduction Introduced
Bipartisan legislation has been introduced in the House of Representatives that will implement a universal charitable deduction. The Charitable Giving Tax Deduction Act, cosponsored by Reps. Chris Smith (R-NJ) and Henry Cuellar (D-Texas), was introduced May 11 and will allow all Americans to claim a charitable deduction regardless of itemizer status. “Charitable organizations, including churches, […]