10/19/2026
Charitable giving rules are changing in 2026!
Under the One Big Beautiful Bill Act, new tax rules will affect how individuals claim charitable deductions, whether they itemize or take the standard deduction.
Here's what you need to know:
• Don't itemize? You may be eligible to deduct up to $1,000 in qualifying cash contributions, or $2,000 if married filing jointly.
• Itemize? Charitable contributions are generally deductible only to the extent they exceed 0.5% of your adjusted gross income (AGI).
• In the top 37% tax bracket? The tax benefit of itemized deductions, including charitable contributions, is generally limited to 35%.
As you plan your charitable giving, understanding these changes can help you make informed decisions and prepare for tax season.
Have questions about how these new rules may affect you? Contact J.A. Green Accounting!