Click on the links below to jump to each section in this article: Charitable Givers Get a New Tax Break New Law Expands Disaster Tax Relief Maximize Tax-Free Gifts of Ownership Interests in Your Business Charitable Givers Get a New Tax Break Beginning in 2026, taxpayers who take the standard deduction may deduct up to $1,000 of qualifying charitable contributions, or up to $2,000 for married couples filing jointly. Only cash contributions qualify, such as gifts made by check, debit or...

Tax Tips for October 2026
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