Wyden Wins Fight for Charitable Donations in Tax Legislation

Statement

Sen. Ron Wyden, D-Ore., said today that his successful fight to include expanded and permanent charitable deductions in new tax legislation will provide food banks with much-needed certainty about the donations that support their essential work to fight hunger in Oregon and nationwide.

"We cannot afford to play games when it comes to hunger. Oregonians who need food assistance and the people working so hard to help them deserve a tax policy that supports this lifeline for children and families to the fullest," Wyden said. "I am gratified the life-saving fight against hunger now receives such a valuable tool as permanent and expanded support for food donations."

The food donation provision included in the Protecting Americans from Tax Hikes (PATH) Act released Tuesday night by congressional leaders permanently extends the enhanced deduction for charitable contributions of food inventory for non-corporate business taxpayers. The provision also increases the limitation on deductible contributions of food inventory and modifies the deduction to provide special rules for valuing food inventory.

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