Sens. Shaheen & Lankford Push to Increase Charitable Giving Deduction in Coronavirus Aid Bill
March 23, 2020
March 23, 2020
WASHINGTON, March 23 -- Sen. Jeanne Shaheen, D-New Hampshire, issued the following news release:
Senator Jeanne Shaheen (D-NH) offered with Senator James Lankford (R-OK) and their colleagues a bipartisan amendment to the Coronavirus Aid, Relief, and Economic Security (CARE) Act, which would increase the bill's $300 limit on the charitable giving deduction to one-third of the standard deduction: to up to $4,000 for an individual's and $8,000 for married couples for the remainder of 2 . . .
Senator Jeanne Shaheen (D-NH) offered with Senator James Lankford (R-OK) and their colleagues a bipartisan amendment to the Coronavirus Aid, Relief, and Economic Security (CARE) Act, which would increase the bill's $300 limit on the charitable giving deduction to one-third of the standard deduction: to up to $4,000 for an individual's and $8,000 for married couples for the remainder of 2 . . .