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Posted On: October 26th 2026, 03:12 pm
144 Million Standard Deduction Filers Get a New Charitable Tax Break.
Claiming the standard deduction and donating this year? Here’s what that means for your next tax return.
Budgeting for holiday giving can feel tough in a high-cost economy, but a new tax provision helps your charitable dollars go further this year.
Under the 2025 Trump tax bill, non-itemizers can now claim a tax deduction of up to $1,000 for single filers or $2,000 for married couples filing jointly for qualified cash donations.
Because roughly 90% of U.S. households claim the 2026 standard deduction rather than itemizing, this provision expands tax savings to an estimated 144 million taxpayers, according to data from Empower. However, the new standard-filer tax break carries strict limits.
Below are the primary rules governing the non-itemizer charitable deduction — and how the math shakes out for standard filers who donate in 2026.
Read more in the article linked in today’s story!
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#plannedgiving #charitablegiving #taxplanning #wealthmanagement #wealthadvisor #wealthcreation #bartzandbergen #thezandbergengroup #truewealth
Claiming the standard deduction and donating this year? Here’s what that means for your next tax return.
Budgeting for holiday giving can feel tough in a high-cost economy, but a new tax provision helps your charitable dollars go further this year.
Under the 2025 Trump tax bill, non-itemizers can now claim a tax deduction of up to $1,000 for single filers or $2,000 for married couples filing jointly for qualified cash donations.
Because roughly 90% of U.S. households claim the 2026 standard deduction rather than itemizing, this provision expands tax savings to an estimated 144 million taxpayers, according to data from Empower. However, the new standard-filer tax break carries strict limits.
Below are the primary rules governing the non-itemizer charitable deduction — and how the math shakes out for standard filers who donate in 2026.
Read more in the article linked in today’s story!
•
•
•
#plannedgiving #charitablegiving #taxplanning #wealthmanagement #wealthadvisor #wealthcreation #bartzandbergen #thezandbergengroup #truewealth
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