Video Tips: Changes Coming to Charitable Contributions in 2026

Beginning in 2026, the Omnibus Budget Reconciliation Act of 2021 (OBBBA) introduces significant changes to the rules governing charitable contributions. One prominent adjustment is the implementation of a 0.5% of Adjusted Gross Income (AGI) contribution floor for taxpayers who elect to itemize their deductions. This means that itemizing taxpayers will only be able to deduct charitable contributions that exceed 0.5% of their AGI, potentially limiting the tax benefit of smaller charitable donations. Additionally, for taxpayers who do not itemize, the OBBBA provides a deduction specifically for cash contributions, allowing a deduction of up to $1,000 for single filers and $2,000 for joint filers.

Share this article...

Gaithersburg Office

Looking for tax help in Gaithersburg, Maryland? You can find us at:

9841 Washingtonian Blvd. Suite 200
Gaithersburg, Maryland 20878

Silver Spring Office

Looking for tax help in Silver Spring, Maryland? You can find us at:

12069 Tech Road
Silver Spring, MD 20904
Tax Question How can I help you with a tax situation?
How can I help you with a tax situation?
Please fill out the form and our team will get back to you shortly The form was sent successfully