President Donald Trump’s “big beautiful bill” enacted trillions in tax breaks that could benefit wealthy Americans — but some will see a smaller deduction for charitable gifts starting in 2026, experts say.
When you itemize tax breaks, you can claim the charitable deduction, depending on earnings and type of asset given. But Trump’s spending package added two key changes for itemizers.
Starting in 2026, there will be an itemized charitable deduction “floor,” which only allows the tax break once it exceeds 0.5% of your adjusted gross income. The new legislation also caps the benefit for filers in the top 37% income tax bracket, beginning in 2026.
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