Starting in 2026, itemized charitable deductions only count above a floor of half of one percent of your AGI.
The One Big Beautiful Bill Act added the floor. With an AGI of $400,000, the first $2,000 of giving produces no deduction. For a large one-time gift it's a rounding error. For a high earner who gives a few thousand a year, it can wipe out most of the deduction.
From The Tax Strategy Playbook.
Full episode: https://taxstrategyplaybook.com
No-cost analysis through CSSI: https://calendly.com/david-wiener/cs or 770-224-8504 x2
David's website: https://davidhwiener.com
This is educational content, not tax advice for your situation. Talk to your tax professional.