2026 Tax Planning: Upcoming Changes to Charitable Contributions

New Charitable Giving Rules

Starting in 2026, the Omnibus Budget Reconciliation Act of 2021 (OBBBA) introduces a 0.5% Adjusted Gross Income (AGI) floor for itemizing taxpayers. You will only be able to deduct charitable gifts exceeding 0.5% of your AGI, which may reduce the overall tax benefit of your smaller annual donations.

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Benefits for Non-Itemizers

If you claim the standard deduction, the OBBBA allows a specialized cash contribution deduction up to $1,000 for single filers or $2,000 for joint returns. Proactive tax planning is essential before these new thresholds take effect. Contact our firm to schedule a consultation and optimize your long-term giving strategy.

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You can count on us for professional guidance along with timely, and reliable tax services. If you’re ready to get started, or just want to start a conversation, then click below.
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