https://ttlc.intuit.com/community/taxes/discussion/re-charitable-donations/01/3696361#M1369679 <P><SPAN>The&nbsp;</SPAN><STRONG>One Big Beautiful Bill Act of 2025 (OBBBA)</STRONG><SPAN>&nbsp;introduces several important changes to how&nbsp;</SPAN><STRONG>charitable donations</STRONG><SPAN>&nbsp;are treated for tax purposes, starting primarily in&nbsp;</SPAN><STRONG>2026</STRONG><SPAN>.&nbsp;These changes&nbsp;<STRONG>take effect for tax years beginning after December 31, 2025.</STRONG></SPAN></P> <P>&nbsp;</P> <UL> <LI><STRONG>For Taxpayers Who Don't Itemize</STRONG>:<BR /> <UL> <LI>you will be able to deduct a limited amount of <STRONG>cash donations to qualified charities</STRONG> even if you take the standard deduction.</LI> <LI>Up to<SPAN>&nbsp;</SPAN><STRONG>$1,000</STRONG><SPAN>&nbsp;</SPAN>for single filers</LI> <LI>Up to<SPAN>&nbsp;</SPAN><STRONG>$2,000</STRONG><SPAN>&nbsp;</SPAN>for married filing jointly.</LI> </UL> </LI> </UL> <P>&nbsp;</P> <P>&nbsp;</P> <UL> <LI><STRONG>For Taxpayers Who Do Itemize:</STRONG></LI> <LI>&nbsp;Itemizers can only deduct charitable contributions above 0.5% of their AGI. &nbsp;</LI> <LI><SPAN>Starting in&nbsp;</SPAN><STRONG>2026</STRONG><SPAN>, the&nbsp;</SPAN><STRONG>maximum tax benefit is capped at 35%</STRONG><SPAN>, even for those in higher tax brackets (e.g., 37%)</SPAN></LI> </UL> <P><SPAN><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/4608637">@nnennak</a>&nbsp;Thanks for the question!!</SPAN></P> <P>&nbsp;</P> <H3>&nbsp;</H3> Wed, 06 Aug 2025 17:00:20 GMT SwapnaM 2025-08-06T17:00:20Z https://ttlc.intuit.com/community/taxes/discussion/charitable-donations/01/3696291#M1369678 <P>How will the BBB affect my charitable donations deduction?</P> Wed, 06 Aug 2025 16:18:05 GMT https://ttlc.intuit.com/community/taxes/discussion/charitable-donations/01/3696291#M1369678 nnennak 2025-08-06T16:18:05Z https://ttlc.intuit.com/community/taxes/discussion/re-charitable-donations/01/3696361#M1369679 <P><SPAN>The&nbsp;</SPAN><STRONG>One Big Beautiful Bill Act of 2025 (OBBBA)</STRONG><SPAN>&nbsp;introduces several important changes to how&nbsp;</SPAN><STRONG>charitable donations</STRONG><SPAN>&nbsp;are treated for tax purposes, starting primarily in&nbsp;</SPAN><STRONG>2026</STRONG><SPAN>.&nbsp;These changes&nbsp;<STRONG>take effect for tax years beginning after December 31, 2025.</STRONG></SPAN></P> <P>&nbsp;</P> <UL> <LI><STRONG>For Taxpayers Who Don't Itemize</STRONG>:<BR /> <UL> <LI>you will be able to deduct a limited amount of <STRONG>cash donations to qualified charities</STRONG> even if you take the standard deduction.</LI> <LI>Up to<SPAN>&nbsp;</SPAN><STRONG>$1,000</STRONG><SPAN>&nbsp;</SPAN>for single filers</LI> <LI>Up to<SPAN>&nbsp;</SPAN><STRONG>$2,000</STRONG><SPAN>&nbsp;</SPAN>for married filing jointly.</LI> </UL> </LI> </UL> <P>&nbsp;</P> <P>&nbsp;</P> <UL> <LI><STRONG>For Taxpayers Who Do Itemize:</STRONG></LI> <LI>&nbsp;Itemizers can only deduct charitable contributions above 0.5% of their AGI. &nbsp;</LI> <LI><SPAN>Starting in&nbsp;</SPAN><STRONG>2026</STRONG><SPAN>, the&nbsp;</SPAN><STRONG>maximum tax benefit is capped at 35%</STRONG><SPAN>, even for those in higher tax brackets (e.g., 37%)</SPAN></LI> </UL> <P><SPAN><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/4608637">@nnennak</a>&nbsp;Thanks for the question!!</SPAN></P> <P>&nbsp;</P> <H3>&nbsp;</H3> Wed, 06 Aug 2025 17:00:20 GMT https://ttlc.intuit.com/community/taxes/discussion/re-charitable-donations/01/3696361#M1369679 SwapnaM 2025-08-06T17:00:20Z