WASHINGTON, Nov. 10 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following IRS Employee Plans News:
The Internal Revenue Service today reminded individual taxpayers who do not itemize deductions that the Working Families Tax Cuts provides a permanent deduction for charitable contributions made in 2026.
The permanent deduction extends a charitable contribution tax benefit to taxpayers who generally claim the standard deduction. Under the new law, individuals may may deduct up to $1,000 in qualifying cash contributions or $2,000 for married couples filing jointly, when making a contribution to certain qualified charitable organizations. As the 2027 filing season approaches, the IRS encourages taxpayers to und...