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House Ways and Means Committee advances biipartisan charitable giving legislation


House Ways and Means Committee advances biipartisan charitable giving legislation
Published Saturday, May. 8, 2021, 6:50 am
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The House Ways and Means Committee this week marked up a bipartisan legislative package, the Securing A Strong Retirement Act, which would help more Americans save for retirement.
The bill was amended to include the text of the Legacy IRA Act, bipartisan legislation introduced by Reps. Don Beyer (D-VA) and Mike Kelly (R-PA), which would encourage charitable giving by American seniors. The bill would expand the Charitable IRA Rollover to treat donations made by retirees to gift annuity programs as pre-tax income. ....

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