Maximizing Your Personal and Pass-Through Deductions For high-earning business owners, real estate investors, and high-net-worth households, routine annual giving frequently produces zero incremental tax benefit, because the standard deduction is now large enough that modest annual gifts don’t reliably push a household past the itemizing threshold. Bunching solves this without asking anyone to give a dollar more over time — … Read More
New Limitations on Charitable Giving
🎁 Strategic Giving: How does the One Big Beautiful Bill Act change the rules for Charitable Giving deductions? The One Big Beautiful Bill Act (OBBBA) significantly alters the tax landscape for charitable giving, particularly for high-income itemizers and non-itemizers alike, beginning in 2026. Specifically, the Act imposes a new 0.5% Adjusted Gross Income (AGI) floor for individual itemizers. Furthermore, it … Read More