DiscoverMarkets & Money Today | 2 Min News | The Daily News Now!New Tax Rule Boosts Charitable Deductions for Non-Itemizers
New Tax Rule Boosts Charitable Deductions for Non-Itemizers

New Tax Rule Boosts Charitable Deductions for Non-Itemizers

Update: 2025-12-02
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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.

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New Tax Rule Boosts Charitable Deductions for Non-Itemizers

New Tax Rule Boosts Charitable Deductions for Non-Itemizers