S. 317 seeks to amend the Internal Revenue Code of 1986 to change and extend the rules for tax deductions on charitable contributions. Specifically, it allows individuals who choose not to itemize deductions to claim a deduction for charitable contributions equal to up to...
Simple Explanation
S. 317 is a plan to let people who don't normally write down all their giving to charity still get some money back when they do it. For a couple of years, they can save money on their taxes by showing that they gave to good causes, up to a certain limit.