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Walker Introduces Legislation to Allow Low and Middle Income Taxpayers to Deduct Charitable Giving

Walker Introduces Legislation to Allow Low and Middle Income Taxpayers to Deduct Charitable Giving
December 2, 2019
Mark Walker's Website

Giving Tuesday, taking place on December 3, 2019, is a worldwide philanthropic event, harnessing the generosity of millions to support the causes they believe in and the communities in which they live. According to United Way Worldwide, last year, more than 3.6 million people from 150 countries joined together to raise $400 million for charity on Giving Tuesday. The Universal Charitable Giving Act would only enhance these great efforts for some of our most valued organizations. 

“Congressman Walker’s legislation could reverse troubling giving trends by empowering more donors to increase their donations to their church or charity of choice. A universal (nonitemizer) deduction would allow donors to give to those in need without having to pay taxes on income they have donated," Steve Taylor, Senior Vice President and Counsel for Public Policy, United Way Worldwide said. “While we know Americans give for altruistic reasons, good tax policy will allow people to give more.”