Everyday Philanthropist Act This bill allows employers to offer certain employees a tax-advantaged flexible giving account as a fringe benefit. Flexible giving accounts allow employees to set aside up to $5,000 of their annual pretax earnings to make tax-deductible charitable contributions without having to itemize tax deductions.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Charitable contributionsEmployee benefits and pensionsIncome tax deductionsIncome tax exclusion
To amend the Internal Revenue Code of 1986 to provide for flexible giving accounts, and for other purposes.
USA115th CongressHR-6616| House
| Updated: 7/26/2018
Everyday Philanthropist Act This bill allows employers to offer certain employees a tax-advantaged flexible giving account as a fringe benefit. Flexible giving accounts allow employees to set aside up to $5,000 of their annual pretax earnings to make tax-deductible charitable contributions without having to itemize tax deductions.