WINSTON-SALEM, N.C. — Changes to how charitable donations are taxed are coming in 2026.
“I think that the winners are definitely going to be those that take a standard deduction,” said Jahad Zenith, chief financial officer of Ummah Tax Solutions in Winston-Salem.
Depending on tax bracket, starting Jan. 1, those who don’t itemize will be allowed to deduct charitable cash donations of up to $1,000 for single filers and up to $2,000 for those who file jointly. Itemized charitable donations will be capped at 35% and a new floor has been set regarding deductions for itemizers and corporations…