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Trump's Tax Bill Allows Charitable Deductions for All

12/23/2025

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Summary

Story summary

U.S. President Donald Trump’s tax bill includes a provision allowing non-itemizers to deduct charitable donations up to $1,000 for single filers and $2,000 for married couples in tax year 2026.
Historically, most taxpayers do not benefit from this deduction because they must itemize.
CPA Miklos Ringbauer advises donors to wait until January to maximize their tax benefits.
He encourages giving and emphasizes strategic timing for donations.

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Story summary

U.S. President Donald Trump’s tax bill includes a provision allowing non-itemizers to deduct charitable donations up to $1,000 for single filers and $2,000 for married couples in tax year 2026.
Historically, most taxpayers do not benefit from this deduction because they must itemize.
CPA Miklos Ringbauer advises donors to wait until January to maximize their tax benefits.
He encourages giving and emphasizes strategic timing for donations.