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U.S. Sens. John Thune (R-S.D.) and Bob Casey (D-Pa.), both members of the tax-writing Senate Finance Committee, today introduced the Charities Helping Americans Regularly Throughout the Year (CHARITY) Act, a bill that would encourage charitable giving and make it easier for foundations and other tax-exempt organizations to conduct their charitable mission. The CHARITY Act (S. 1343) builds on several significant Thune-and-Casey-supported charitable tax provisions that were signed into law in 2015, including one that makes permanent a law allowing taxpayers at least 70-and-a-half-years old to make charitable contributions directly from their IRAs. Thune introduced a similar version of the CHARITY Act in the 114th Congress.
Each year, millions of...