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New Tax Rules Limit Charitable Deductions Starting 2026

12/12/2025

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Summary

Story summary

Starting in 2026, the One Big Beautiful Bill Act (OBBBA) will reshape charitable donations.
High-income itemizers face a 0.5% floor on deductible contributions, limiting deductions above the threshold.
The top tax benefit will be capped at 35% instead of 37%.
Non-itemizers may claim a deduction of up to $1,000 for single filers and $2,000 for married couples.
Taxpayers should time donations before the rules take effect.

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Story summary

Starting in 2026, the One Big Beautiful Bill Act (OBBBA) will reshape charitable donations.
High-income itemizers face a 0.5% floor on deductible contributions, limiting deductions above the threshold.
The top tax benefit will be capped at 35% instead of 37%.
Non-itemizers may claim a deduction of up to $1,000 for single filers and $2,000 for married couples.
Taxpayers should time donations before the rules take effect.