Tomorrow Senators James Lankford (R-OK) and Chris Coons (D-DE) will introduce legislation to restore and expand the non-itemizer charitable tax deduction - also known as the Universal Charitable Deduction. This legislation is intended to restore the Universal Charitable Deduction of $600 for married couples filing jointly and $300 for single tax filers that expired on December 31, 2021.
The Nonprofit Alliance has worked closely with Senator Susan Collins of Maine. We know her best for her leadership alongside Senators James Lankford (R-OK) and Chris Coons (D-DE) on legislation to create a Universal Charitable Deduction open to all taxpayers, regardless of their level of income when supporting 501(c)3 charitable causes. This important legislation expired at the end of 2021, but will be re-introduced on Wednesday and Senator Collins will again be active in supporting this measure.
As the new Congress convened the first week of January, from the very outset, the many challenges facing the House of Representatives as to how it would move forward on legislation became immediately apparent. The long battle to elect Kevin McCarthy (R-CA) as Speaker, which took 15 ballots — the most ballots to elect a Speaker since 1923, 100 years ago — was a microcosm of how fractious and complicated moving legislation in the House will be during this two-year 118th Congress.
