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Tax Deductions Expanded for Donations to Federally Chartered Veterans Organizations.

The VETT Act amends the tax code to ensure that charitable contributions made to federally chartered veterans organizations are fully tax-deductible. This change allows taxpayers supporting these groups to lower their taxable income, potentially reducing their overall tax bill. These new rules apply to tax years beginning after December 12, 2024.
Key points
Donations to federally chartered veterans organizations now qualify for the same favorable tax treatment as major public charities.
Taxpayers can deduct these contributions from their income, providing a direct financial benefit for those who support veterans.
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Additional Information
Print number: 118_HR_1432
Sponsor: Rep. Wenstrup, Brad R. [R-OH-2]
Process start date: 2023-03-07
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OFFICIAL LEGAL TITLE

VETT Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1432.

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 2023-03-07.

What are the main provisions?

Key points include:

  • Donations to federally chartered veterans organizations now qualify for the same favorable tax treatment as major public charities.
  • Taxpayers can deduct these contributions from their income, providing a direct financial benefit for those who support veterans.
What is the specific legal status?

The current status is Became Law.

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. Wenstrup, Brad R. [R-OH-2].

What is the latest detailed status?

The latest detailed status is: Became Public Law No: 118-146.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Taxes