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119-hr-8783119th CongressWALLET

To amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes.

Sponsored By: Representative Beyer, Donald S. [D-VA-8]

Introduced

Summary

Allows tax-free charitable rollovers from employer-sponsored retirement plans. This bill would expand the existing charitable distribution exclusion beyond IRAs to include certain employer plans and set an explicit age threshold for eligible donors.

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  • Families and older donors: People aged 70½ or older would be able to make direct, tax-excluded donations from eligible employer plans to qualified charities, subject to an "applicable amount" cap defined in the bill.
  • Retirement savers and plan types: The exclusion would cover SEP and SIMPLE plans and would apply the new rules to 403(b) annuity contracts and 457(b) eligible deferred compensation plans, making more retirement assets usable for charitable giving.
  • Charities and plan sponsors: Transfers must be made directly by the plan to qualifying public charities and would exclude supporting organizations and certain donor-advised funds. The bill would take effect for distributions in taxable years beginning after enactment.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Lower taxes for seniors' plan gifts

You would be able to exclude certain direct charitable payouts from your employer retirement plan from taxable income. The rule would apply only if the plan pays the charity directly and you are at least age 70½ when the payout is made. It would cover qualified employer plans, including SEP, SIMPLE, 403(b) annuities, and eligible 457(b) plans, but not donor-advised funds or certain supporting organizations. The exclusion would be limited to an "applicable amount" under the tax code and would apply to tax years beginning after enactment.

Sponsors & CoSponsors

Sponsor

Beyer, Donald S. [D-VA-8]

VA • D

Cosponsors

  • Rep. Kelly, Mike [R-PA-16]

    PA • R

    Sponsored 5/13/2026

  • Rep. Castor, Kathy [D-FL-14]

    FL • D

    Sponsored 8/31/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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