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Tax year 2026 changes

Changes to charitable gift deductions starting in tax year 2026, including a new 0.5% AGI floor for itemizers

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Jan 14, 2026
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Have federal laws changed for 2025 regarding above-the-line charitable deductions?

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...

Jan 16, 2026
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How did the One Big Beautiful Bill Act change estate, gift, and generation-skipping transfer tax rules for 2026 and beyond?

The One Big Beautiful Bill Act (OBBBA) permanently raises and indexes the federal estate, gift, and generation‑skipping transfer (GST) tax exemptions to $15 million per individual (effectively $30 mil...