H.R.5293: Universal Charitable Giving Act of 2019

Overview

Universal Charitable Giving Act of 2019 (H.R. 5293) would change the charitable contribution deduction from an itemized deduction to an above-the-line deduction.

Source

Talking Points

  • Since the passage of the Tax Cut and Jobs Act, the number of Americans using the itemized charitable deductions has declined dramatically; this has lead to charitable and nonprofit organizations seeing a 6% reduction in value the of contributions from individuals between 2017 and 2018.
  • Every American should have an incentive to invest in their community by engaging in charitable giving, regardless of whether they itemize their taxes. The Universal Charitable Giving Act would allow charities to serve more people and make the tax code fairer.

Our Stance

Support

Priority

High

Bill Number

H.R.5293

Date Introduced

December 03, 2019

Committee

House Ways and Means Committee

Bill Status

Introduced or Prefiled

Sponsor