New 5% Income Floor Limits Charitable Deductions for Itemizers

Mega Doctor News Texas Border Business / Mega Doctor News The “One, Big, Beautiful Bill Act” (OBBB), signed into law on July 4, 2025, introduces a significant change for taxpayers who itemize deductions and give to charity. The law states that “effective for years after 2025, for taxpayers who itemize non-business deductions, only contributions over … Continue reading New 5% Income Floor Limits Charitable Deductions for Itemizers