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Distributional estimates in calendar year 2020 for a proposal to replace the itemized deduction for charitable contributions with a deduction available to all taxpayers for contributions above 1.65 percent of AGI. The tables show how this proposal affects charitable contributions compared to current law and contain the following information: a) Number of tax units with a tax benefit from charitable contributions; b) average benefit from charitable contributions; c) weighted-average marginal tax benefit of giving; and d) implied change in charitable contributions associated with alternative price elasticities for giving.
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T19-0063 - Replace Itemized Deduction for Charitable Contributions with Deduction Available to All Taxpayers, by Expanded Cash Income Percentile, 2020
T19-0064 - Replace Itemized Deduction for Charitable Contributions with Deduction Available to All Taxpayers for Contributions Above 1 Percent of AGI, by Expanded Cash Income Percentile, 2020
T19-0066 - Replace Itemized Deduction for Charitable Contributions with Deduction Available to All Taxpayers for Contributions Above 2 Percent of AGI, by Expanded Cash Income Percentile, 2020
T19-0067 - Options to Replace Itemized Deduction for Charitable Contributions with Universal Deduction; Impact on Tax Revenue, 2020
