06/12/2026
💡 Tax-smart giving is an incredible way to make an impact on causes that you care about while maximizing your financial benefits.
Let's talk about a new tax benefit: Americans who make charitable gifts but do not itemize their deductions can still benefit from their donations!
Before this benefit was in place, if your itemized deductions did not exceed the standard deduction ($32,000 for a married couple filing jointly), you would receive no tax benefit from charitable gifts. Now, even donors who take the standard deduction can benefit from their gifts of up to $1,000 for single filers and $2,000 for a married couple filing jointly.
This means that if a non-itemizing married couple in the 35% federal income-tax bracket makes a gift of $2,000 this year, they will save $700 in taxes!
❓ For questions about this new tax benefit, contact AMA Foundation Executive Director Steve Haston at [email protected] or (765) 287-1256, ext. 279.
