All taxpayers should be aware that a new version of the non-itemized charitable tax deduction that had surfaced (and disappeared) as the “universal charitable tax deduction” in recent years has been brought back from extinction and even enhanced. This very popular deduction returns for years after 2025 (i.e. starting for the 2026 tax year) and has no defined expiration date this time. In this article, we’ll cover the basics on this deduction, what it is, its history, why it is no longer...
