Watson Mowry, PC

10/22/2026

New federal tax rules change how charitable contributions may benefit you in 2026.

The changes were enacted as part of the One Big Beautiful Bill Act and affect both taxpayers who itemize deductions and those who claim the standard deduction.

At Watson Mowry, PC, we encourage clients to understand these changes before making year-end charitable gifts so their giving strategy and tax planning work together.


A New Deduction for Taxpayers Who Don't Itemize

Beginning with tax year 2026, taxpayers who take the standard deduction may deduct certain cash charitable contributions even though they do not itemize deductions.
The annual deduction is limited to:
$1,000 for individuals and married couples filing separately
$2,000 for married couples filing jointly
This deduction applies only to qualifying cash contributions to eligible charitable organizations. Donations of property, stock or other noncash assets do not qualify for this particular deduction. Contributions to donor-advised funds and certain supporting organizations also do not qualify.

This change provides a potential federal tax benefit for charitable giving to taxpayers who otherwise receive no federal deduction for their charitable contributions.

A New 0.5% Floor for Itemized Charitable Contributions

For taxpayers who itemize deductions, a new limitation applies beginning in 2026.

Under the new rule, charitable contributions generally are deductible only to the extent that they exceed 0.5% of the taxpayer's adjusted gross income (AGI).

For example, if your AGI is $200,000:
0.5% × $200,000 = $1,000

If you make $6,000 of otherwise deductible charitable contributions, the first $1,000 is subject to the new floor, leaving $5,000 potentially deductible, subject to the other charitable contribution limitations. So if you only donated $1,000 and itemize, you would get NO itemized deduction for that charitable contribution!

This means taxpayers who make relatively modest charitable contributions may see a smaller federal tax deduction than under prior law.

For more complete details on these new regulations, click the link below!

**This article is intended for general informational purposes and should not be considered individualized tax advice. Tax rules and individual circumstances vary. Please consult your Watson-Mowry, PC tax professional regarding your specific situation. **

September 29, 2026 WMCWebmaster BBB topics 2026 No Comments New IRS Charitable Giving Regulations from BBB Change Deductions For Many Taxpayers 2026 Charitable Giving: What Taxpayers Need to Know New federal tax rules change how charitable contributions may benefit you in 2026. The changes were enac...

10/12/2026

Join a growing CPA firm where your experience matters.
Watson Mowry, PC is a growing Certified Public Accounting firm providing tax preparation, tax planning, corporate accounting, and payroll services to individuals and businesses.

We are looking for an experienced Managing Tax Accountant/CPA to join our team. This is an opportunity for an experienced tax professional to take a meaningful role in client service, tax preparation and review, and the continued growth of our firm.

If you are looking for a position where you can use your experience, build lasting client relationships, have a voice within the organization, and maintain a healthy balance between work and personal life, we would like to hear from you.

Learn more about this position and apply online at https://careers.watson-mowry.com/managing-cpa/

10/06/2026

When you dream of the perfect job, do characteristics immediately come to mind like:

Working 60 hours weeks?

Doing basic menial tasks over and over for years until you are trusted with impactful work?

Not having a real voice in the day-to-day business and culture of your firm?

Being expected to sacrifice life events and goals 'for the good of the firm?'

If working like that is what you are after, we have bad news for you. You will not be a good fit for Watson Mowry, PC.

Although we are looking for hardworking professionals who take pride in their work and always begin any task with the satisfaction of our clients and intrinsic rewards for a job well done in mind, you will find working at Watson Mowry to have a close knit feel where your co-workers revel in your successes and support you when you need backup.

You will find compassion when it is warranted, and praise for exceptional work.

In short, we think you will be happy here. And that's not something that can be said for all CPA firms.

We are looking for an experienced Managing Tax Accountant/CPA to join our team. This is an opportunity for an experienced tax professional to take a meaningful role in client service, tax preparation and review, and the continued growth of our firm.

If you are looking for a position where you can use your experience, build lasting client relationships, have a voice within the organization, and maintain a healthy balance between work and personal life, we would like to hear from you.

For full position description details and to apply online, visit https://careers.watson-mowry.com/managing-cpa/

07/04/2026

As we celebrate our nation's 250th anniversary of independence, we are especially grateful for the freedoms, opportunities, and communities that make our country so remarkable.

This Independence Day, we want to express our sincere appreciation to our clients, friends, and neighbors. Thank you for the trust you place in Watson Mowry, CPA. It is a privilege to serve you, your families, and your businesses throughout the year.

May your Fourth of July be filled with gratitude, time spent with loved ones, and pride in the enduring spirit of our nation.

From all of us at Watson Mowry, CPA, we wish you a safe, joyful, and Happy Independence Day!

❤️🤍💙 Happy 4th of July! 💙🤍❤️

04/16/2026

Happy April 15th 🎉. Tomorrow our office will be closed for a day of rest and to celebrate another successful tax season with our exceptional team. Thank you to our valued clients - we appreciate your business!