Good News for Your 2026 Tax Year!

Here’s how the new tax law may affect you as you plan your charitable giving this year…

Changes to federal tax law contained in legislation from last year could impact how—and when—you choose to give to charity. Here are a few highlights worth knowing as you plan your year.

If you don’t itemize your taxes:

You are now able to deduct charitable gifts even if you take the standard deduction.

• In 2026, the standard deduction increases to:
  • $16,100 for single filers
  • $32,200 for married couples filing jointly
• A NEW, permanent charitable deduction is available for non-itemizers
• You may deduct up to:
  • $1,000 if you file as an individual
  • $2,000 if you’re married and file jointly
• This deduction applies in addition to the standard deduction

If you itemize deductions, two new limits may apply:

• A small income threshold
  (Example: with $100,000 of income, only gifts totaling over $500 may qualify).
• A lower tax benefit for very large gifts
  For higher-income households, the tax benefit on charitable gifts may be capped at 35%, even if your tax rate is higher.

A quick reminder

Tax laws are complex, and every situation is different. This information is provided for general awareness—not tax advice. A qualified tax professional can help you understand how these changes apply to you personally.

See www.irs.gov/newsroom/one-big-beautiful-bill-provisions for more information.