Tax Tip #278
Ralph Loggia • December 16, 2025
Itemizing & Charitable Donations in 2026
Beginning in 2026, itemizers who donate to charity will see their tax deductions get a haircut as the IRS implemented a 1/2 % floor on charitable deductions.
Example: Amelia has AGI of $600,000 in 2026 and donates $9,000 to charity. Her tax deduction is $6,000 ($9,000 - $3,000 ($600,000 * 1/2 %).
Tax planning tip: Charitable donations made in 2025 are not subject to this haircut.
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