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CRS Report: Legislative Overview of the Charitable Deduction for Individuals (IRC §170)

Jan. 15, 2020, 5:00 AM

Report providing a brief history of the major legislative changes to the charitable deduction that have occurred over the past 100 years, focusing on changes to the amount that taxpayers could deduct, the Congressional Research Service issued January 15. The report stated that over the past 100 years, Congress has generally increased the amount that eligible taxpayers can deduct for their charitable donation, but with this expansion, policymakers began and continue to debate the deduction’s effectiveness at increasing charitable giving and the broader role of government subsidies for the philanthropic sector. The Congressional Research Service noted that this report does...

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