FundSvcs Community

Proposed Senate Bill Would Increase Above-The-Line Deduction

  • 1.  Proposed Senate Bill Would Increase Above-The-Line Deduction

    Posted 17 days ago
    Yesterday, the US Senate unveiled a COVID-19 relief bill, S. 178.  In it is a provision that doubles the above-the-line charitable deduction to $600 ($1,200 for joint filers).  However, according to CCH Inc., it does not look likely to pass:

    "The Senate is expected to vote on the bill on Thursday, September 10, 2020, but it does not appear that the bill has enough support to garner the 60 votes needed for passage in the Senate."

    The entire bill is found here:


    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987