[20210205]IN11420_《关怀法案》中慈善捐款扣除额的临时增强.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Temporary Enhancements to Charitable Contributions Deductions in the CARES Act Updated February 5, 2021 Individuals and corporations are allowed a deduction for charitable contributions on their tax returns. The Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136) provided temporary increased benefits for 2020 for some of these deductions. These provisions were extended through 2021 by Division EE of the Consolidated Appropriations Act, 2021 (P.L. 116-260). Law Before the CARES Act The deduction for charitable contributions is one of several tax benefits for charitable giving and tax exempt organizations. Individuals may take a charitable deduction if they itemize deductions. Prior to the 2017 tax revision, popularly known as the Tax Cuts and Jobs Act (TCJA; P.L. 115-97), the limit for individuals was 50% of adjusted gross income for gifts (other than gifts of appreciated property) to public charities. (The limit was 30% for gifts of appreciated property, 30% for ordinary gifts to private foundations, and 20% for gifts of appreciated property to private foundations.) The TCJA increase