Legislative Round-Up | March 2023
On February 28, Senators James Lankford (R-OK) and Chris Coons (D-DE) introduced their Universal Charitable Deduction legislation, S. 566. The bill was renamed from the previous "The Universal Giving and Pandemic Response and Recovery Act" to simply "The Charitable Act."
The Universal Charitable Deduction of $600 for married couples filing jointly and $300 for individual tax filers expired on December 31, 2021.