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Changes to charitable donation deductions are on the horizon - WCS - Tax Accountant in Elkton MD
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Changes to charitable donation deductions are on the horizon - WCS - Tax Accountant in Elkton MD
Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions. And in some cases, they’ll face two new limits. But there’s some good news for nonitemizing individuals who make charitable donations. New charitable deduction floor Under the One Big Beautiful Bill Act (OBBBA), starting in 2026, if you itemize deductions, your otherwise allowable charitable deduction will be reduced …
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