Significant changes to tax deductions for charitable giving will take effect in 2026. A new deduction will allow non-itemizers to deduct up to $1,000 for single filers and $2,000 for married couples.
With the passing of the One Big Beautiful Bill Act, new changes to your charitable contribution deductions could be significant depending on whether you give in 2025 vs 2026.
The holidays are the traditional time for giving as people look to spread holiday cheer and get tax benefits. Here's what you ...
New charitable giving tax rules will soon lower your deduction for donations to charity — here’s what you should do now.
The One Big Beautiful Bill Act has new twists relating to charitable giving that hit in 2026. Tax filers should review giving ...
High-net-worth taxpayers who concentrate their philanthropic donations during this tax year can avoid new deduction floors ...
The introduction of a new tax deduction for charitable donations marks a significant shift in U.S. tax policy, offering a fresh incentive for taxpayers who typically choose the standard deduction.
Taxpayers who donate to the causes that are close to their hearts have a new reason to celebrate — and to give: The massive new tax law includes a valuable new tax deduction for qualified charitable ...
Most people no longer get a tax deduction when they donate to charity. That shouldn’t keep you from making donations, but you may want to change your approach. Typically, only taxpayers who itemize ...
When you donate to charity, you're not only giving back — you could be getting back, too. Donating to qualified organizations can enable you to reduce your taxable income, which can put you into a ...
Despite the uncertain economy, most Americans (93%) plan to make at least a small donation to charity this year, according to a recent survey by Edward Jones. The survey also found that 68% of ...