How Trump's tax changes could impact your year-end charitable giving
CNBC Television·2025-10-14 19:40

Tax Planning Strategies - Financial advisors suggest a multi-year approach to charitable contributions due to upcoming changes in 2026 [1] - In 2025, a deduction on charitable contributions is only available if you itemize [2] - Consider giving more in January to qualify for the deduction if not itemizing [3] Charitable Giving Incentives - Starting next year, single filers can deduct up to $1,000 on charitable contributions, whether itemizing or not [2] - Married couples filing jointly can deduct up to $2,000 on charitable contributions, whether itemizing or not, starting next year [2] Nonprofit Considerations - Nonprofits need donations now, so give what you can this giving season [3]