Tax changes are coming in 2026, and they may affect how deductions work for charitable contributions. Some people will gain new opportunities to claim a deduction, while others may find that acting sooner helps them get the most value under today’s rules.

• All taxpayers benefit: Starting in 2026, nonitemizers can deduct cash gifts to charity up to $1,000 (single) or $2,000 (married filing jointly).
• 2025 gifting is strategic: Higher-income donors will see reduced deductions after 2026. Making gifts in 2025 may provide the greatest tax advantages.
• New deduction for seniors: Starting in 2026, taxpayers age 65 and older may claim an additional deduction of up to $6,000 for single filers or $12,000 for married couples (if both spouses are 65 or older). The benefit is available through 2028, with income limits applying.

Learn how your generosity can make an impact under the new legislation. Contact Brett Befus at (307) 766-4259 or bbefus@uwyo.edu to explore charitable giving opportunities.

This summary is based on key provisions of the One Big Beautiful Bill Act, signed into law on July 4, 2025. It is not tax advice; please consult your tax advisor for guidance specific to your circumstances.

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