
New Charitable Contribution Rules: What You Need to Know
Giving to charity is a great way to support causes you care about, and it often comes with a tax benefit in the form of a charitable contribution deduction. However, if you’re a US taxpayer, it’s important to be aware of some significant upcoming changes to these deductions. These changes will impact how much you can deduct and who is eligible to claim the deduction, starting in the 2025 and 2026 tax years.This guide will break down the old rules