SwapnaM
Employee Tax Expert

[Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill

Unfortunately, no. The IRS rules on charitable deductions are based on the date the donation is made. To get a tax benefit for a donation, you must claim it in the tax year in which the donation was made.

 

Charitable donations in 2026 for non-itemizers:

  • Starting in 2026, you can deduct up to:
    • $1,000 (Single)
    • $2,000 (Married Filing Jointly)
  • only for cash contributions. You will not be able to claim a deduction for donated items if you take the standard deduction.

 

Charitable donations in 2026 for itemizers:

  • AGI Floor: You must donate more than 0.5% of your AGI before any charitable deduction counts.
  • If you choose to itemize your deductions in 2026, you will still be able to deduct the fair market value of donated items.

@samsiyer Hope this helps!! Thanks for attending the event!!

 

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