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The tax changes introduced by the One Big Beautiful Bill Act, including charitable deduction tweaks and health-savings-account adjustments
Federal law did not create an above‑the‑line charitable deduction that applies in the 2025 tax year; the One Big Beautiful Bill Act (OBBBA) reinstates a limited above‑the‑line deduction for non‑itemiz...
The headline tax-law shifts that matter for charitable giving stem from the One Big Beautiful Bill Act (OBBBA): it creates an above‑the‑line charitable deduction for many non‑itemizers beginning in ta...
The One Big Beautiful Bill Act implements a new deduction for non‑itemizers that takes effect for the 2026 tax year, generally described in the statutes and guidance as beginning January 1, 2026 (i.e....
Large cash gifts to public charities such as are generally deductible up to 60% of the donor’s adjusted gross income (AGI), with gifts of appreciated securities limited to 30% of AGI, and excess amoun...
Before the Tax Cuts and Jobs Act () enacted in December 2017, the federal estate tax exemption for an individual was roughly $5.49 million (adjusted for inflation) — a threshold established under prio...
No recent law changed the statutory formulas that determine what percentage (0%, 50% or 85%) of Social Security benefits can be included in federal taxable income for 2026 returns; instead, 2025–2026 ...