The Charitable Giving Incentive Act

The Charitable Giving Incentive Act aims to encourage more donations to nonprofits by providing tax benefits. It typically offers taxpayers a way to deduct charitable contributions more easily or with greater value, reducing their overall tax burden. This incentivizes giving by making it financially more attractive for individuals and businesses to support charitable organizations. The act may include specific rules or limits to ensure the incentives promote substantial donations without excessive loopholes. Overall, it seeks to boost charitable funding, benefiting nonprofits and communities through increased support.