Pub. L. 119-21, tit. VII, subtit. A, ch. 4, subch. C, sec. 70424

PERMANENT AND EXPANDED REINSTATEMENT OF PARTIAL DEDUCTION FOR CHARITABLE CONTRIBUTIONS OF INDIVIDUALS WHO DO NOT ELECT TO ITEMIZE.

EnactedYear: 2025Length: 59 wordsOfficial source
SEC. 70424. PERMANENT AND EXPANDED REINSTATEMENT OF PARTIAL DEDUCTION FOR CHARITABLE CONTRIBUTIONS OF INDIVIDUALS WHO DO NOT ELECT TO ITEMIZE.(a) In General.—Section 170(p) is amended—(1) by striking “$300 ($600” and inserting “$1,000 ($2,000”, and(2) by striking “beginning in 2021”.(b) 26 USC 170 note.Effective Date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2025.
Pub. L. 119-21, tit. VII, subtit. A, ch. 4, subch. C, sec. 70424: PERMANENT AND EXPANDED REINSTATEMENT OF PARTIAL DEDUCTION FOR CHARITABLE CONTRIBUTIONS OF INDIVIDUALS WHO DO NOT ELECT TO ITEMIZE. | Justis AI