2026 Tax Laws
What the New 2026 Tax Law Means for Your Giving
7 Things You Need to Know
Changes to the tax code beginning January 1, 2026, could affect how—and when—you choose to give to Christian Brothers Academy and other nonprofits.
What’s new:
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Tax benefit for non-itemizers
Even if you don’t itemize, you can deduct up to $1,000 (single filers) or $2,000 (married couples). So even smaller donations can make an impact. Note: Gifts to donor-advised funds are excluded. -
New floor for itemizers
You will need to give at least 0.5% of your adjusted gross income (AGI) to claim a charitable deduction. Consider maximizing your giving in 2025 before the new rule takes effect. -
New limit for top earners
Currently, top earners get a 37-cent tax benefit for every $1 deducted. Starting in 2026, that drops to 35 cents. If you are in the top tax bracket, consider giving more this year to avoid losing tax benefits next year.
What stays:
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Income tax brackets
The new law permanently extends the current tax rates. -
Standard deduction
The current deduction will remain high. In 2026, it will be $16,100 for single filers and $32,200 for married couples filing jointly. If you don’t itemize, you may still benefit if you give appreciated stock, real estate or, if you are 70½ or older, from your IRA. -
Deduction limit for cash gifts
You can still deduct cash gifts of up to 60% of your AGI. Consider combining your cash and non-cash assets (often called blended giving) to maximize your tax benefits and impact. -
Estate and gift tax exemption
This exemption will remain high but adjust for inflation in 2026 to $15 million per individual and $30 million per married couple filing jointly. For those with estates under this amount, it's wise to focus on current giving to receive tax benefits.
