The OBBBA and Changes to Deductions for Charitable Contributions

The One Big Beautiful Bill Act (OBBBA) made several changes to charitable contributions, including deductions for non-itemizers, a new floor for deductible charitable contributions, and a cap on the tax benefits for high-income taxpayers. The bill also contains changes for charitable contributions made by corporations. Starting in 2026, taxpayers who do not itemize (i.e., those […]

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