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Charitable giving gets a tax makeover: What you need to know for 2026 and beyond
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New rules under the OBBBA reshape deductions for individuals and corporations
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October 03, 2025
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Key takeaways
New contribution floors may permanently disallow some charitable deductions.
Permanent 60% AGI (adjusted gross income) limit boosts cash gift deductions to public charities.
Nonitemizers can now deduct up to $2,000 for cash gifts to public charities.
Charitable contribution planning is entering a new era. With the passage of the One Big Beautiful Bill Act, individual and corporate donors face a fresh set of rules that could reshape how they give and what they deduct. From newly imposed contribution floors to the return of itemized deduction limits, the tax landscape for philanthropy is more complex than ever.
This article, which was originally published in Tax Notes, breaks down the implications of section 170 updates, including how carryforwards are affected and how a lingering drafting error may complicate calculations. Whether you're advising clients or managing your own giving strategy, understanding these changes is essential to preserving the tax benefits of generosity.
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- /insights/tax-alerts/2025/estate-planning-qa-donor-advised-funds-explained
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