Episode 203: Charitable Giving Tax Changes in 2026 Explained

April 15
11 mins

Episode Description

Starting in 2026, new rules will change how charitable tax deductions work. In this episode, we break down key provisions from the One Big Beautiful Bill Act and what they mean for your charitable giving strategy.

You’ll learn how the new $1,000 deduction for standard deduction filers ($2,000 for married couples) works, why itemized charitable deductions now have a 0.5% AGI floor, and how a new cap on itemized deductions may affect high-income taxpayers.

We also discuss strategies like bunching donations, donating appreciated assets, and using Qualified Charitable Distributions (QCDs) to give in a more tax-efficient way.

Even though the tax rules are changing, the goal of charitable giving stays the same: supporting causes that matter to you while being intentional about your finances.

Please subscribe and leave a review on your favorite Podcasting platform. 

Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes

If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook

Dr. Elisa Chiang is  a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .

You can learn more about Elisa at her website or follow her on social media.

Website: https://ww.GrowYourWealthyMindset.com

Instagram https://www.instagram.com/GrowYourWealthyMindset

Facebook https://www.facebook.com/ElisaChiang

https://www.facebook.com/GrowYourWealthyMindset

YouTube: https://www.youtube.com/c/WealthyMindsetMD

Linked In: www.linkedin.com/in/ElisaChiang 


Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast...

See all episodes