Coronavirus Help And Response Initiative Through Year 2022 Act or the CHARITY 2022 Act
This bill allows a taxpayer a deduction from gross income (above-the-line deduction) for charitable contributions for a taxable year beginning in 2020-2022, even if such taxpayer does not otherwise itemize deductions. The deduction may not exceed one-third of the taxpayer's standard deduction amount.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6490 Introduced in House (IH)]
<DOC>
116th CONGRESS
2d Session
H. R. 6490
To amend the Internal Revenue Code of 1986 to allow above-the-line
deductions for charitable contributions for individuals not itemizing
deductions.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 10, 2020
Mr. Walker introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to allow above-the-line
deductions for charitable contributions for individuals not itemizing
deductions.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Coronavirus Help And Response
Initiative Through Year 2022 Act'' or ``CHARITY 2022 Act''.
SEC. 2. ALLOWING ABOVE-THE-LINE DEDUCTIONS FOR CHARITABLE CONTRIBUTIONS
FOR INDIVIDUALS NOT ITEMIZING DEDUCTIONS.
(a) In General.--Section 62(a) of the Internal Revenue Code of 1986
is amended by inserting after paragraph (21) the following new
paragraph:
``(22) Charitable contributions for individuals not
itemizing deductions.--In the case of an individual who does
not elect to itemize deductions for a taxable year beginning in
2020, 2021, or 2022, so much of the deduction allowed by
section 170 as does not exceed an amount equal to \1/3\ of the
standard deduction with respect to the taxpayer for the taxable
year.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2019.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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