The charitable giving season is upon us and changes are afoot. While many people give because they want to do good, the tax rules around philanthropy have always been an added sweetener.

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Although nothing has changed for 2025, the recently passed tax bill will usher in three major alterations to charitable giving in 2026, two of which limit the tax benefit of charitable giving for taxpayers who itemize their deductions.

For those in the highest tax bracket (37 percent), there will be a new cap on charitable deductions, from 37 cents on the dollar to 35 cents on the dollar. Additionally, all itemizers will need to give more than 0.5% of their AGI to start claiming a deduction. For example, with an Adjusted Gross Income (AGI) of $200,000, total gifts must be more than $1,0

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