Summary: S.2123 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.2123. Bill summaries are authored by CRS.

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Introduced in Senate (11/14/2017)

Universal Charitable Giving Act of 2017

This bill amends the Internal Revenue Code to allow a deduction from gross income (above-the-line deduction) for charitable contributions of individuals who do not elect to itemize deductions for the taxable year. The deduction may not exceed one-third of the standard deduction of the individual.