Charitable Act
Latest action · Jan 29, 2025 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 29, 2025
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Charitable Act
This bill allows an individual taxpayer who does not itemize their tax deductions to claim a tax deduction for charitable contributions and eliminates the tax penalty for overstating charitable contributions. (Some limitations apply).
Under the bill, for tax years beginning in 2026 or 2027, an individual taxpayer who does not itemize their tax deductions may deduct charitable contributions of up to one-third of the standard deduction allowed to such individual. (Under current law, an individual taxpayer generally must itemize their tax deductions to deduct charitable contributions.)
The bill also eliminates the tax penalty for an underpayment of taxes attributable to overstated charitable contributions by taxpayers who do not itemize deductions. (Under current law, taxpayers who claim a deduction under this bill may be assessed a tax penalty in the amount of 50% of the portion of an understatement of tax liability attributable to overstated charitable contributions.)
Cosponsors 23
Members who signed on, in the order they did. Signatures ran from Jan 29, 2025 to Jun 27, 2025; 13 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Amy Klobuchar | Original | Jan 29, 2025 |
| D-NV | Catherine Cortez Masto | Original | Jan 29, 2025 |
| D-DE | Christopher A. Coons | Original | Jan 29, 2025 |
| D-NV | Jacky Rosen | Original | Jan 29, 2025 |
| D-NH | Jeanne Shaheen | Original | Jan 29, 2025 |
| R-KS | Jerry Moran | Original | Jan 29, 2025 |
| R-UT | John R. Curtis | Original | Jan 29, 2025 |
| D-CO | John W. Hickenlooper | Original | Jan 29, 2025 |
| R-AL | Katie Boyd Britt | Original | Jan 29, 2025 |
| R-TN | Marsha Blackburn | Original | Jan 29, 2025 |
| R-NE | Pete Ricketts | Original | Jan 29, 2025 |
| D-GA | Raphael G. Warnock | Original | Jan 29, 2025 |
| R-SC | Tim Scott | Original | Jan 29, 2025 |
| D-MI | Gary C. Peters | Feb 4, 2025 | |
| R-MS | Roger F. Wicker | Feb 4, 2025 | |
| R-ME | Susan M. Collins | Feb 4, 2025 | |
| D-NM | Ben Ray Luján | Feb 5, 2025 | |
| R-NC | Ted Budd | Feb 13, 2025 | |
| R-AR | John Boozman | Feb 27, 2025 | |
| D-NH | Margaret Wood Hassan | Mar 26, 2025 | |
| R-WV | James C. Justice | Apr 10, 2025 | |
| R-ND | John Hoeven | Jun 27, 2025 | |
| D-AZ | Ruben Gallego | Jun 27, 2025 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jan 29, 2025 |
Actions 2
Everything that happened, newest first.
- Jan 29, 2025Introduced in Senate
- Jan 29, 2025Read twice and referred to the Committee on Finance.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R48789 | Tax Issues Relating to Charitable Contributions and Organizations | Report | Jan 8, 2026 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 801 | Charitable Act | Identical bill | Jan 28, 2025 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to modify and extend the deduction for charitable contributions for individuals not itemizing deductions.
- Short Title(s) as Introduced
- Charitable Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jan 29, 2025Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
