Charitable giving gets a tax makeover: What you need to know for 2026 and beyond

ARTICLE | October 02, 2025 | By RSM US LLP

Charitable contribution planning is entering a new era. With the passage of the One Big Beautiful Bill Act, individual and corporate donors face a fresh set of rules that could reshape how they give and what they deduct. From newly imposed contribution floors to the return of itemized deduction limits, the tax landscape for philanthropy is more complex than ever.

This article breaks down the implications of section 170 updates, including how carryforwards are affected and how a lingering drafting error may complicate calculations. Whether you're advising clients or managing your own giving strategy, understanding these changes is essential to preserving the tax benefits of generosity.

Please connect with your advisor if you have any questions about this article.

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This article was written by Alexandra O. Mitchell and originally appeared on 2025-10-02. Reprinted with permission from RSM US LLP.
© 2024 RSM US LLP. All rights reserved. https://rsmus.com/insights/services/business-tax/charitable-giving-tax-obbba.html

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The information contained herein is general in nature and based on authorities that are subject to change. RSM US LLP guarantees neither the accuracy nor completeness of any information and is not responsible for any errors or omissions, or for results obtained by others as a result of reliance upon such information. RSM US LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect information contained herein. This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations. This analysis is not tax advice and is not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer.

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