Get Ready for New Rules on Tax Breaks for Charitable Giving

For many Americans, charitable giving is not only a way to support meaningful causes but also a tool to reduce tax liability. However, recent legislation known as the One Big Beautiful Bill is about to change how donations are treated under federal tax law. These changes will affect both individual donors and organizations that rely heavily on philanthropic support. The good news is that donors still have several months to prepare before the rules officially take effect, giving them time to adjust their strategies and maximize the benefits of their contributions.

Want to read more?

Subscribe to doctorsinbusinessjournal.com to keep reading this exclusive post.

Subscribe Now