Newsflash! Senate Releases Tax Reform Package

June 18, 2025

Orchestras continue to speak up as Congress takes action on policies that will have a big impact on charitable giving and the nonprofit sector. The U.S. Senate has released its draft comprehensive tax reform package, modifying the version passed by the U.S. House of Representatives last month as part of a massive budget reconciliation bill. The Senate bill:

• Creates a permanent universal charitable deduction for nonitemizers, for giving up to $1,000 for individuals and $2,000 for joint filers
• Maintains the House-proposed 35% cap on the rate of deductibility of giving and creates a new .5% floor for charitable deductions by itemizers 
• Removes the House provision that would have taxed nonprofits for providing parking benefits
• Strikes the House provision that would have increased the excise tax on private foundations

The National Council of Nonprofits provides an overview comparing the House and Senate versions of nonprofit policies and the League’s Tax Policy and Charitable Giving Campaign includes resources to help your orchestra continue to speak up as Congress negotiates the final bill. Thank you for your advocacy, and please continue to tell your members of Congress to support policies that grow charitable giving and protect the nonprofit sector from harm!