10/21/2026
A new deduction came out of the OBBB that allows for taxpayers to deduct up to $1,000-$2,000 for charitable deductions in 2026.
Before this year, any charitable deductions had to be done through itemizing and not taking the standard deduction.
Now, taxpayers can claim the standard deduction and get this additional charitable deduction on top of it. This encourages individuals and families that are not in the top 10% to donate to their charity of choice and receive tax benefits.
The donation must be made in 2026 and must be given to an eligible tax-exempt organization.
If you have questions about this deduction, reach out to your tax professional or we can connect you with one.
☎️ 720.547.1411
💻 www.2911financialplanning.com