This new tax deduction in Trump's Big Beautiful Bill lets people cash in on charitable donations up to $2,000. Here's what to know
The new tax law allows taxpayers claiming the standard deduction to deduct charitable contributions, effective in 2026, expanding benefits beyond itemized filers.
Who will and won't benefit from the bigger SALT deduction
For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.