... of 2021. Current Legislation - 118th Congress On March 1, 2023, Senators James Lankford (R-OK) and Chris Coons (D-DE) ... deduction to one-third of the standard deduction. In 2023, this change would allow taxpayers who don’t itemize ... 2024 (versus 2021, 2022 in the old bill) Updated effective date – after December 31st, 2022 Talking Points Charitable ...