New Tax Rule Boosts Charitable Deductions for Non-Itemizers

Big news for charitable donors! Starting in 2026, non-itemizers can deduct up to $1,000 of their contributions, thanks to a new bill. This permanent reinstatement of a temporary measure could encourage more people to give, as fewer Americans have been donating since 2017. If youre a non-itemizing taxpayer, youll be able to claim this deduction when you file your 2026 taxes in 2027. Consider adjusting your end-of-year giving strategy to maximize this new tax benefit.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.