... the U.S. Department of the Treasury released the first in what is expected to be a series of long-awaited ... the statute that codifies DAFs, which Congress enacted in the Pension Protection Act of 2006. Background According ... Department of the Treasury (Treasury) released the first in what is expected to be a series of long-awaited ...
... incentive to increase their donations to important causes. In March 2020, Congress enacted a $300 charitable deduction for cash gifts from nonitemizers for 2020 and in December 2020 extended its availability through 2021 and ... deduction to one-third of the standard deduction. In 2023, this change would allow taxpayers who don’t ...