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Non-Tech : Income Investing

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KEN2CWL

kgr1137

To: KEN2CWL who wrote (51921)	8/2/2025 11:41:13 PM
From: Privately	3 Recommendations of 52048

A couple of other tax changes in the Big Beautiful Bill WRT charitable giving: Beginning next year, taxpayers who do not itemize can deduct up to $1,000 (single) or $2,000 (joint filers) in cash donations to qualified 501(c)(3) public charities. So, you can get an "itemized-like" deduction even if you are not itemizing. Also note that this deduction is not subject to the new limit on charitable deductions (below). Note that contributions must be cash (not securities, etc.). There was something similar a couple of years ago, but it expired. Also starting next year, itemizers may only deduct charitable contributions that exceed 0.5% of their adjusted gross income (AGI). For lots of folks, that means "lumping" charitable contributions (only donating for deduction every other year, for example).

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