02/17/2026
Starting in 2026, charitable tax rules change under the One Big Beautiful Bill Act, introducing a 0.5% of AGI floor for itemized deductions, meaning only gifts exceeding this amount are deductible. However, a new universal deduction allows non-itemizers to deduct up to $1,000 ($2,000 married) in cash gifts. High-income earners face a 35% cap on the tax benefit of itemized donations.