I'm Just a Bill: Universal Charitable Deduction Act
👀 I’m Just a Bill — Universal Charitable Deduction A Liana Banyan “I’m Just a Bill” Bounty Poster What is this bill? Universal Charitable Deduction legislation in the 119th Congress restoring/expanding the above-the-line charitable deduction for non-itemizing taxpayers. What does it actually do? Above-the-line charitable deduction (no itemizing required) Cap typically proposed at $300-$1,000 individual / $600-$2,000 joint Applies to qualifying 501(c)(3) contributions Some versions cover cooperative-class mutual-aid pool contributions How does this affect cooperative-class families? Composes with the cooperative’s mutual-aid pools (#1 Homeless Help Solution, #5 caregiver-respite, #7 MSA emergency, #8 Defense Klaus survivor). If cooperative-class mutual-aid is qualifying-charity-eligible, contributions are tax-advantageous. ...