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Financial Planning Corner: Updated Tax Benefits of Charitable Giving

Beginning in 2026, several tax-law changes stemming from the passage of the One Big Beautiful Bill Act (OBBBA) will impact the tax benefits of charitable giving. The specific effect on your taxes will depend on your unique circumstances, as some provisions enhance the benefits while others reduce them. Below are some key features to be aware of as we start the new tax year.   Non-Itemized Deduction Those who take the standard deduction will again receive a tax benefit for the

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