Fountain Valley News - Your Hometown Community Newspaper

Lamborn, Smith, Cuellar lead bipartisan nonprofit letter

 

Last updated 5/13/2020 at 1:33pm



Washington, D.C. – Representatives Doug Lamborn, Chris Smith and Henry Cuellar co-led a bipartisan letter with 13 of Members of Congress to House and Senate leadership requesting an expansion of universal charitable giving deductions for the 2021 tax year. The current cap established in the CARES Act for non-itemized charitable deductions is $300 dollars.

The group said if the current cap is raised or abolished, it will encourage taxpayers to give additional support to nonprofits. Charitable organizations are working tirelessly during the coronavirus pandemic and are more vital than ever...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020

Rendered 10/05/2020 08:12