The tax code offers meaningful incentives for charitable giving, but many donors don’t fully benefit from them. Without a deliberate strategy, charitable contributions often provide little to no tax advantage. With the right approach, however, charitable giving can reduce income tax through deductions, capital gains tax through donations of appreciated assets, and estate tax by removing assets from a taxable estate. Recent changes under the One Big Beautiful Bill Act affect how charitable deductions work in 2026, making the timing and choice of assets more important for donors looking to maximize the tax benefit of their giving.
A financial…
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