Posts Tagged:non-profit

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