Sens. Lankford and Coons Announce New Charity Bill to Enhance Tax Deduction

U.S. Senators James Lankford (R-Okla.) and Chris Coons (D-Del.), joined by United Way, YMCA, and other nonprofit organizations, introduce the Charitable Act at 1:45 p.m. ET on March 1. It will expand and extend the expired non-itemized deduction for charitable giving to ensure Americans who donate to charities, houses of worship, religious organizations, and other nonprofits of their choice can deduct that donation from their federal taxes.