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On November 13th, the U.S. Department of the Treasury released the first in what is expected to be a series of long-awaited regulations interpreting the statute that codifies DAFs, which Congress enacted in the Pension Protection Act of 2006.
The Charitable Act would restore the non-itemizer charitable deduction and raise the caps from $300 for individuals ($600 for joint filers) to approximately $4,600 for individuals ($9,200 for joint filers).
Join the IPA public policy team to find out what bills related to early childhood education, workforce development, access to broadband, and more will be coming before legislators.