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New Giving Accounts: Easier Charitable Contributions for Employees

This act introduces "flexible giving accounts" allowing employees to donate a portion of their salary to charities directly through their employer. These funds will not be included in taxable income, simplifying charitable giving. This new tool aims to make it easier for citizens to support chosen organizations.
Key points
Ability to donate a portion of salary (up to $2,700 annually) to charity without it being counted as taxable income.
Employer will be responsible for disbursing funds to employee-designated charitable organizations.
Applies to non-highly compensated or key employees, with some exceptions for age and length of service.
Eligible charities include those listed in tax regulations, excluding private foundations.
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Additional Information
Print number: 117_HR_4585
Sponsor: Rep. Suozzi, Thomas R. [D-NY-3]
Process start date: 2021-07-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Everyday Philanthropist Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4585.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-20.

What are the main provisions?

Key points include:

  • Ability to donate a portion of salary (up to $2,700 annually) to charity without it being counted as taxable income.
  • Employer will be responsible for disbursing funds to employee-designated charitable organizations.
  • Applies to non-highly compensated or key employees, with some exceptions for age and length of service.
  • Eligible charities include those listed in tax regulations, excluding private foundations.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Suozzi, Thomas R. [D-NY-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes