Summary: S.4032 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.4032. Bill summaries are authored by CRS.

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Introduced in Senate (06/22/2020)

Universal Giving Pandemic Response Act

This bill allows taxpayers who do not otherwise itemize their tax deductions to deduct from their gross income charitable contributions made in 2019 and 2020. The amount of such deduction may not exceed one-third of the taxpayer's standard deduction in any year.