Lankford Amendment Increase Charitable Giving Deduction in COVID-19 Aid Bill

Senator James Lankford (R-OK) today offered an amendment to the Coronavirus Aid, Relief, and Economic Security (CARE) Act, which would increase the bill’s $300 limit on the charitable giving deduction to one-third of the standard deduction ($4,000 for an individual filer and $8,000 for married joint filers) for the remainder of 2020. Lankford’s amendment is similar to the language of his Universal Charitable Giving Act, which Lankford first offered as a stand-alone bill in 2017.