S.317

The Charitable Act modifies the tax deduction for charitable contributions for individuals not itemizing deductions.

The Charitable Act amends the Internal Revenue Code to modify the deduction for charitable contributions for individuals who do not itemize deductions. Specifically, for taxable years beginning in 2026 or 2027, the deduction is limited to one-third of the standard deduction for the individual. The bill also eliminates a penalty and makes conforming amendments to various sections of the Code. The changes apply to taxable years beginning after December 31, 2025.