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A Tax Change That Could Cost Charities $5.7 Billion
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Subscribe18 MAR 2026 / ACCOUNTING & TAXES
New federal tax laws are expected to reduce annual US charitable donations by $5.7 billion. The One Big Beautiful Bill Act (OBBBA) changes the structure of incentives for charitable giving, introducing limitations and reducing benefits for high-value donors while providing more accessibility for smaller donors, reshaping the economics of philanthropy.
Most accountants have seen this pattern before. It’s late December, inboxes are flooding, and suddenly clients remember they meant to donate earlier in the year. A quick calculation, a rushed transfer, and just like that, generosity meets tax planni...
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