How New Tax Incentives Can Boost Your Charitable Giving

As Independence Day approaches, it’s a natural time to reflect on the values, freedoms, and communities that make America special. This year brings a meaningful opportunity to support the causes you care about while also benefiting from new tax incentives.

A New Charitable Deduction for Non-Itemizers

In 2026, nearly 90% of taxpayers are expected to claim the standard deduction ($16,100 for single filers and $32,200 for married couples filing jointly). Historically, only taxpayers who itemized their deductions qualified for a charitable tax deduction—leaving most people unable to benefit from a tax break on their donations.

Starting this year, that has changed. Taxpayers who do not itemize can now claim a charitable deduction for cash gifts made directly to qualifying charities: up to $1,000 for individuals and $2,000 for joint filers. These limits are not indexed for inflation, and donations made to donor-advised funds and private foundations do not qualify. Still, for many households, this represents a new opportunity to give back in a tax‑advantaged way.

Don’t Forget Oregon’s Political Contribution Tax Credit

Although not new, Oregon continues to offer a valuable political contribution tax credit. Eligible taxpayers can reduce their Oregon income taxes by the exact amount of their donation—up to $50 for single filers or $100 for joint filers. The credit phases out for those with a federal adjusted gross income above $75,000 (single) or $150,000 (married filing jointly).

With election season arriving this fall, this credit can make it easier to support candidates who reflect your values, often at little or no net cost. As always, it’s wise to check with your tax professional to ensure you’re eligible and claiming these benefits correctly.

Celebrating America’s 250th Birthday

This July 4th marks the lead‑up to our nation’s semiquincentennial—250 years since the signing of the Declaration of Independence. However you choose to celebrate, I hope you enjoy the long holiday weekend with family, friends, and plenty of summer traditions.

If you’re curious how Americans celebrated July 4th in the earliest years of our country, this piece from Mount Vernon offers a fascinating look back: Early July 4 Celebrations at Mount Vernon.

Wishing you a safe and meaningful Independence Day!