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What new tax rules mean for donors | Fidelity The new tax act passed in July 2025 made some important changes to the tax provisions for charitable contributions, which could make it more beneficial for people who itemize to consider giving this year, as they may see some reductions in the amounts they can deduct in the future
IRS Donation Limit: What is the Maximum you can Deduct? According to IRS publication 526 (the gospel for qualified charitable contributions): The amount you can deduct for charitable contributions generally is limited to no more than 60% of your adjusted gross income
One Big Beautiful Bill (OBBB): Impact on charitable giving Beginning in the 2026 tax year, a reinstated deduction allows non-itemizers to deduct cash donations to charity—up to $1,000 for single filers or $2,000 for married couples filing jointly
Charitable giving for non-itemizers returns in 2025 Historic charitable deduction access transforms family giving strategies The One Big Beautiful Bill Act delivers groundbreaking relief for charitable Americans by permanently reinstating above-the-line charitable deductions for non-itemizers Starting with the 2025 tax year, single taxpayers can deduct up to $1,000 in charitable cash contributions, while married couples filing jointly can
Charitable Giving and the 2025 Tax Law: What Donors Need to Know After 2025, only charitable contributions that exceed 0 5% of adjusted gross income (AGI) will be deductible, with carryforward rules for excess contributions For example, if your AGI is $250,000, the first $1,250 of contributions won’t count toward your deduction
The Signatry | Blog | 2025 Charitable Contribution Limits In 2025, individuals age 70½ and older can direct up to $108,000 per year, tax-free, from their Individual Retirement Accounts (IRAs) to operating charities through qualified charitable distributions (QCDs)
2025 One Big Beautiful Bill Act - Threshold for Claiming Charitable . . . The OBBB did not change the percentage limitations on charitable deductions: 60% of AGI for cash contributions to qualified public charities; 30% of AGI for non-cash contributions or gifts to certain private foundations Contributions exceeding these limits can be carried forward for up to 5 years