CHARITY 2022 Act

Bill: 116-hr-6490
Sponsor: full_name: Rep. Walker, Mark [R-NC-6]
Introduced: 2020-04-10
Policy area: Taxation
Subjects: Charitable contributions

Income tax deductions
Latest action: action_date: 2020-04-10
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2020-04-10
action_desc: Introduced in House
text: <p><b>Coronavirus Help And Response Initiative Through Year 2022 Act or the CHARITY 2022 Act</b></p> <p>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.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6490 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.

1. Short title This Act may be cited as the Coronavirus Help And Response Initiative Through Year 2022 Act or CHARITY 2022 Act . 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.