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Senators Propose Significant Charitable Deduction For Non-Itemizers

Por: Forbes Business March 03, 2023

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Girl holding smart phone with donation concept on screengetty A bipartisan group of Senators, including Senators James Lankford (R-OK) and Raphael Warnock (D-GA), are calling for a temporary change in tax breaks for charitable giving. S. 566, also called the , would allow taxpayers to claim a significant above-the-line deduction for charitable giving. Above-The-Line Deduction An above-the-line deduction, or adjustment to income, is available to... + full article



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