Praised as a Lifeline for Communities in Need
WASHINGTON, DC — The Charitable Giving Coalition commends Rep. Vern Buchanan (R-FL) and a bipartisan group of 10 lawmakers for introducing the Hurricane Milton and Helene Tax Relief Act (H.R. 10203), which provides critical support to help communities affected by recent hurricanes. The CGC supports Section 4 of the bill which includes a provision allowing an unlimited charitable deduction for non-itemizers through 2025 for donations related to hurricane relief. The bill would also allow hurricane relief donors to deduct charitable donations up to 100 percent of Adjusted Gross Income (AGI) through 2025.
“This bill is a powerful reminder of how Americans can come together in a time of crisis to deliver meaningful support, and the first line of defense when disaster hits is support from within our local communities,” said Brian Flahaven, Chair of CGC. “By allowing more Americans to fully deduct their charitable donations to help support and rebuild hard hit states and communities, this legislation will unlock greater generosity at a time when it’s needed most. Our support for the charitable giving provisions in HR 10203 compliments our support of the bipartisan Charitable Act (H.R. 3435/S. 566) which would allow all American taxpayers to deduct charitable donations, whether for disaster relief or other charitable purposes.”
The charitable deduction-related provisions in H.R. 10213 signal growing recognition of the role charitable giving plays in disaster response and recovery. Currently only 7.5 percent of Americans itemize their tax returns and can deduct charitable donations compared to 30 percent prior to passage of the Tax Cuts and Jobs Act in 2017. On Giving Tuesday, the Charitable Giving Coalition sent a letter signed by more than 470 organizations in all 50 states to congressional leaders urging support for The Charitable Act ahead of tax talks.
As hurricane-impacted communities continue to face the long road to recovery, the Charitable Giving Coalition calls on Congress to advance legislation like H.R. 10203 and The Charitable Act to ensure that generosity is met with meaningful tax relief for donors.