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Walker Introduces the Universal Charitable Giving Act 

On Oct. 5, Rep. Mark Walker (R-NC) introduced the Universal Charitable Giving Act of 2017 (H.R. 3988), legislation that would allow non-itemizing taxpayers to deduct charitable gifts. The bill would limit the deduction for non-itemizers to one-third of the standard deduction threshold. 

Currently, only the roughly 30 percent of U.S. taxpayers who itemize their tax returns can benefit from the charitable deduction. H.R. 3988 would allow the 70 percent of U.S. taxpayers who do not itemize their tax returns to deduct charitable gifts up to a cap of one-third of the standard deduction threshold. At current levels, non-itemizing individuals would be able to deduct up to $2,100 and non-itemizing married couples would be able to deduct up to $4,200 in charitable gifts under H.R. 3988.

In a statement, Rep. Walker highlighted the importance of providing a charitable giving incentive to all U.S. taxpayers. "The Universal Charitable Giving Act incentivizes charitable giving for low and middle income taxpayers. It would allow everyone to deduct chartiable giving, regardless of itemizing status."

For more information, please head over the October 2017 issue of BriefCASE

                                                                                                                                                                                                                                                                                                                                                                                        Updated October 17, 2017


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For further information about CASE's public policy efforts, contact Brian Flahaven, director of legislative, foundation and recognition programs, at flahaven@case.org or +1-202-478-5617.