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

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

Year: 2025Length: 64 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 U.S.C. 170 note] Effective Date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2025.
Cross-references to the US Code
26 U.S.C. 170 note
Pub. L. 119-21, tit. VII, subtit. A, ch. 4, subch. C, sec. 70424 (as amended): PERMANENT AND EXPANDED REINSTATEMENT OF PARTIAL DEDUCTION FOR CHARITABLE CONTRIBUTIONS OF INDIVIDUALS WHO DO NOT ELECT TO ITEMIZE. | Justis AI