Please note: We DO NOT offer free tax advice for TurboTax users or self-preparers.

Preparing for 2026 Charitable Contribution Tax Changes

New Tax Rules for Charitable Giving

Beginning in 2026, the Omnibus Budget Reconciliation Act (OBBBA) shifts the landscape for charitable tax planning. If you itemize deductions, a new 0.5% Adjusted Gross Income (AGI) floor will apply. You can only deduct donations exceeding 0.5% of your AGI, which limits the immediate tax benefit of smaller gifts.

Tax planning and financial paperwork

Benefits for Non-Itemizers

Conversely, non-itemizers gain a specific cash contribution deduction of up to $1,000 for single filers and $2,000 for joint returns.

At Steve Shapiro, EA CTRC in Saint Charles, MO, our 40 years of financial expertise ensures your generosity remains tax-efficient. Schedule a consultation for proactive tax planning today.

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