05/08/2026
If you plan to make charitable donations this year, be sure to track them, even if you take the standard deduction! Under the new tax law, individuals that don’t itemize can deduct up to $1,000 ($2,000 for married taxpayers) of donations to charities in 2026.
While a small shift in the tax law (I know, a thousand dollar deduction isn’t a huge tax break), it does at least get you a deduction donating to the causes you care about. Just note that donations must be in the form of cash contributions (sorry, those donated bags of clothing don't count) and go toward qualified charities (those with 501(c)(3) status).
Reach out to talk about your tax strategy when it comes to donating to the nonprofits you support (they need you!). As with anything in life, little efforts can have a big impact to help those that need it most.