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What the New Tax Law Means for Your Giving

7 Things You Need to Know

Changes to the tax code beginning January 1, 2026, could affect how—and when—you choose to give to �������� and other nonprofits.

What’s new:

1. Tax benefit for non-itemizers Even if you don’t itemize, you can deduct up to $1,000 (single filers) or $2,000 (married couples). So even smaller donations can make an impact. Note: Gifts to donor advised funds are excluded.

2. New floor for itemizers You will need to give at least 0.5% of your adjusted gross income (AGI) to claim a charitable deduction. Consider maximizing your giving in 2025 before the new rule takes effect.

3. New limit for top earners Currently, top earners get a 37-cent tax benefit for every $1 deducted. Starting in 2026, that drops to 35 cents. If you are in the top tax bracket, consider giving more this year to avoid losing tax benefits next year.

What stays:

1. Income tax brackets The new law permanently extends the current tax rates.

2. Standard deduction For 2025, it will be $15,750 for single filers and $31,500 for married couples filing

jointly. If you don’t itemize, you may still benefit if you give appreciated stock, real estate or, if you are 70½ or older, from your IRA.

3. Deduction limit for cash gifts You can still deduct cash gifts of up to 60% of your AGI. Consider combining your cash and non-cash assets (often called blended giving) to maximize your tax benefits and impact.

4. Estate and gift tax exemption It will increase to $15 million per individual and $30 million per married couple filing jointly. Your estate is likely under this amount, so focus on current giving to receive tax benefits.

Want to make the most of a gift to CCNY in 2025? 

Contact Dee Dee Mozeleski ( dmozeleski@ccny.cuny.edu ) or Barbara Evans ( bevans@ccny.cuny.edu ).
We’d be happy to discuss the best ways you can create a legacy.