READY, SET… GIVE!

21 November 2025 by Alina Carlson

This year’s One Big Beautiful Bill Act (OBBBA) is changing the deductibility of charitable donations for both itemized filers and those who take the standard deduction. Therefore, charitable giving is one of those items that warrants staying on the 2025 to-do list, particularly for those who itemize their deductions. While the primary driver for charitable giving should inherently be about supporting an organization that one cares about, taxpayers who itemize have the added advantage of some tax savings.