arrow_back Trending Legislation
Share share

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.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Everyday Philanthropist Act
Print number: HR 4585
Sponsor: Rep. Suozzi, Thomas R. [D-NY-3]
Process start date: 2021-07-20