Bill 119 HR 801, also known as the Charitable Giving Tax Deduction Act, aims to amend the Internal Revenue Code of 1986 in order to make changes to the deduction for charitable contributions for individuals who do not itemize their deductions on their tax returns.
Currently, individuals who do not itemize their deductions are not able to deduct charitable contributions on their tax returns. This bill seeks to change that by allowing non-itemizers to deduct charitable contributions up to a certain amount.
The bill also aims to extend this deduction for charitable contributions for non-itemizers, providing them with an incentive to donate to charitable organizations even if they do not itemize their deductions.
Overall, the goal of Bill 119 HR 801 is to encourage charitable giving among all individuals, regardless of whether they itemize their deductions on their tax returns. This could potentially lead to an increase in donations to charitable organizations and help support important causes in our communities.