Charitable Giving Tax Deduction Act
This bill modifies the requirements for calculating taxable income to allow a deduction from gross income (above-the-line deduction) for charitable contributions that are allowed as an itemized deduction under current law.
To amend the Internal Revenue Code of 1986 to allow the deduction for 
        charitable contributions as an above-the-line deduction.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Charitable Giving Tax Deduction 
Act''.

SEC. 2. DEDUCTION FOR CHARITABLE CONTRIBUTIONS ALLOWED IN DETERMINING 
              ADJUSTED GROSS INCOME.

    (a) In General.--Section 62(a) of the Internal Revenue Code of 1986 
is amended by inserting after paragraph (7) the following new 
paragraph:
            ``(8) Charitable contributions.--The deduction allowed 
        under section 170.''.
    (b) Conforming Amendment.--Section 170(b)(1)(H) of such Code is 
amended by striking ``(computed without regard to any net operating 
loss carryback to the taxable year under section 172).'' and inserting 
the following: ``computed without regard to--
                            ``(i) section 62(a)(8), and
                            ``(ii) any net operating loss carryback to 
                        the taxable year under section 172.''.
    (c) Repeal of Superseded Provisions.--Section 212 of the Taxpayer 
Certainty and Disaster Tax Relief Act of 2020 (other than subsection 
(c) thereof) is repealed and each provision of law amended by such 
section (other than such subsection) is amended to read as such 
provision would read if such section had never been enacted.
    (d) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2020.
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Charitable Giving Tax Deduction Act
To amend the Internal Revenue Code of 1986 to allow the deduction for charitable contributions as an above-the-line deduction.
Charitable Giving Tax Deduction Act
Rep. Smith, Christopher H.