According to the IRS, over 87% of tax returns are non itemized…
This totally makes sense as the standard deduction is now over $16k and continues upward with inflation adjustments!
Some good news for that 87% –
FINALLY a charitable deduction, but there are specifics that must be followed
In order to spur contributions to nonprofits and qualified charities, the year 2026 marks the first year for an all new above the line, non itemizer deduction for Qualified Charitable deductions
Maximum amount – $1k individual, $2k Joint
Careful on the type – Cash only – This from Turbo Tax
The Trick – its a Cash donation, NOT items or the like!
Pro- Tip – Keep good records
Keep very good records of that Cash or the like contribution to a Qualified Charity, this may allow for a deduction that has not been unavailable to us in prior years, if you did not itemize like 87% of the tax filing population!
Have a Great “Found non itemized deduction” Day!
John A. Kvale CFA, CFP
AI Content Authenticity: AI created the image. All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
