Maximizing Charitable Deductions Under OBBBA's New Rules, With Ben Henry-Moreland
A wealth professional may spend time on it to understand how the new deduction rules and related strategies interact with clients' charitable giving and income management. The material focuses on practical tax-benefit considerations rather than investment recommendations.
Summary
By our deskThe episode covers changes to charitable donation deductions under the 2025 One Big Beautiful Bill Act. It explains the new 0.5% of AGI floor on itemized charitable contributions and the 2/37ths reduction for taxpayers in the 37% tax bracket, including who is affected and possible dollar impacts. It also discusses planning responses such as charitable bunching, donor-advised funds, the non-itemizer deduction and qualified charitable distributions.
- The 2025 One Big Beautiful Bill Act introduced changes relevant to financial advisors and clients, including charitable donation deductibility.
- The episode breaks down the 0.5% of AGI floor on itemized charitable contributions and the 2/37ths reduction for taxpayers in the 37% tax bracket.
- It covers who is most affected and what the actual dollar impact could look like across different income levels.
- Planning considerations include charitable bunching, donor-advised funds, the new deduction for non-itemizers and qualified charitable distributions.
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