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Tax Incentives for Food Donations: Supporting Needy and Farmers

New rules aim to encourage food donations to those in need by introducing tax benefits. Businesses and individuals who donate food may receive larger tax deductions, and farmers can get a special tax credit. This is intended to help combat food waste and support charitable organizations.
Key points
Increased tax deductions for food donations to organizations selling it at a reduced price.
Ability to deduct transportation costs of donated food from taxes.
Farmers can receive a tax credit of up to $20,000 for donating food to food banks.
Changes are designed to encourage surplus food donations, potentially increasing food availability for those in need.
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Additional Information
Print number: 117_HR_7317
Sponsor: Rep. Brown, Shontel M. [D-OH-11]
Process start date: 2022-03-31