The introduction of a new tax deduction for charitable donations marks a significant shift in U.S. tax policy, offering a fresh incentive for taxpayers who typically choose the standard deduction.

Giving to a good cause feels great — and if you itemize your taxes, it can also help lower your tax bill. The charitable donation tax deduction lets you write off qualified gifts to nonprofit ...

It has now become a yearly ritual that members of Congress and White House officials offer proposals to limit or even eliminate charitable tax deductions. And, as a part of the ritual, nonprofit ...

Since the 2017 tax reform, fewer donors are able to claim deductions for their gifts. But with the right strategies, you may be able to turn your generosity into tax savings this year—before new ...

Forbes contributors publish independent expert analyses and insights. I write about charitable giving and estate planning ideas. The One Big Beautiful Bill Act (OBBBA) is now law. One of the myriads ...

Starting in the 2026 tax year, new rules will allow Americans who take the standard deduction — about 90% of all taxpayers — to also claim a charitable-giving deduction. Money; Getty Images In a major ...

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If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible.Some of the changes, ...

The government is adding a new deduction for non-itemizers. Starting in 2026, they will be able to deduct up to US$1,000 of ...

Ever since President Trump took office, charities have been worrying about the tax overhaul he has promised. There are reasons for concern any time a new administration takes office. After all, the ...