Charitable Changes

If you’ve been planning a significant year-end donation, but don’t itemize your taxes, WAIT! The rules change in 2026 and you might be better off procrastinating just a few more days.

How to do it:

The 2025 tax code requires you to itemize if you want to deduct charitable contributions. If your itemized deductions aren’t more than the default deduction, there’s no gain. ($15,750 for single filers and married couples filing separately, $31,500 for married couples filing jointly, $23,625 for heads of households.)

This changes in 2026 with a new $1000 charitable giving deduction ($2000 for couples filing jointly.) There are additional rules (of course…it’s the tax code) so the best choice for you depends on your overall financial and tax situation, but we hadn’t heard this publicized and thought you’d want to know. The Wall Street Journal covers the details.

Why we do it:

Avoiding taxes is just smart, right? No, we don’t believe that, but we do believe that this regime will spend our taxes on things we’re actively fighting against. For now, every dollar kept out of Trump’s hands is a dollar we don’t lose twice.

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