Starting in 2026, non-itemizing taxpayers will be able to deduct contributions to qualified public charities. The limits on the deduction are as follows:
- $1,000 for single taxpayers
- $2,000 for married filing taxpayers
These contributions must be in the form of cash or credit card transactions.
Other important information on charitable contributions for itemizing taxpayers for 2026:
- Contribution limit for cash contributions at 60% of AGI has been made permanent by the One Big Beautiful Bill (OBBB)
- Contributions are subject to a .5% Adjusted Gross Income (AGI) floor
The .5% floor means deductible contributions for itemizers must surpass .5% of one's AGI before any contribution is allowed. The excess contributions of the .5% floor are allowed for the current year; the portion reduced by the .5% floor are carried forward for up to 5 years. Any carryover charitable deduction not used with the 5-year period will expire.
