If you plan to donate money on Giving Tuesday, you could score a tax break. But recent changes enacted via President Donald Trump’s “big beautiful bill” could affect your savings, financial experts say.
Some 36.1 million U.S. adults participated in Giving Tuesday for 2024, with donations totaling $3.6 billion, up from $3.1 billion in 2023, according to estimates from GivingTuesday Data Commons.
Despite economic uncertainty in 2025, high assets in donor-advised funds could continue to bolster philanthropy in the coming years, according to an analysis from consulting firm RSM. These funds, which act like a charitable checkbook, allow donors to receive immediate tax deductions for their contributions and then grant the money to nonprofits over time.
Here’s a look at other stories affecting the financial advisor business.
If you’re preparing to write a check on Giving Tuesday 2025 or before year-end, here are some key things to know about Trump’s tax law changes.
