Posts Tagged:James Lankford

Lankford Leads Effort to Expand Federal Tax Deduction for Charitable Giving

U.S. Senator James Lankford is leading a bipartisan group of Senators hoping to expand the federal tax deduction for charitable giving. The bill is called the Universal Giving Pandemic Response Act. It expands the above-the-line deduction for donations to non-profits, houses of worship, religious organizations  and charities. “Nonprofits uphold Americans in our times of greatest…Read More

Senator Lankford Introduces Universal Charitable Giving Bill

Senator James Lankford (R-OK) today introduced the Universal Charitable Giving Act, which creates a universal charitable deduction in addition to the standard deduction for individuals and married couples that do not itemize. Currently, only taxpayers that itemize their deductions are able to withhold charitable donations. The Universal Charitable Giving Act incentivizes charitable giving for low-income to…Read More