Businessscore 325·4 metrosupdated 3h ago
New Tax Law Allows Standard Deduction Filers to Deduct Charitable Contributions
Starting in the 2026 tax year, taxpayers taking the standard deduction can claim deductions for qualifying charitable cash contributions, up to $1,000 for individuals and $2,000 for married couples. This change, part of the One Big Beautiful Bill Act, aims to benefit millions who previously received no tax advantage for their charitable donations.
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