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New Tax Law Reshapes Charitable Giving in 2026

12/12/2025

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Summary

Story summary

The One Big Beautiful Bill Act (OBBBA) will significantly change charitable giving in 2026 by imposing limits on high-income itemizers.
OBBBA sets a 0.5% floor on deductible contributions, and non-itemizers may claim deductions up to $1,000 for singles and $2,000 for married couples.
The tax benefit for top earners will be capped at 35% under OBBBA.
Taxpayers should consider timing their donations before the end of 2025 to maximize benefits.

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Story summary

The One Big Beautiful Bill Act (OBBBA) will significantly change charitable giving in 2026 by imposing limits on high-income itemizers.
OBBBA sets a 0.5% floor on deductible contributions, and non-itemizers may claim deductions up to $1,000 for singles and $2,000 for married couples.
The tax benefit for top earners will be capped at 35% under OBBBA.
Taxpayers should consider timing their donations before the end of 2025 to maximize benefits.