If you itemize your taxes, the new law adds a “floor” for charitable deductions starting in 2026. In simple terms, you’ll only get a deduction for the portion of your giving that’s above 0.5% of your adjusted gross income. For example, if your income is $200,000, the first $1,000 of your giving won’t count toward a deduction—but everything above that will. So if you give $2,000, you can deduct $1,000. 

For larger gifts, the tax savings shift slightly. A $100,000 gift that currently saves a high-income donor $37,000 in taxes will save about $35,000 under the new law. Even a $10,000 gift will save $200 less than it does today. While the savings are a bit smaller, the real value is unchanged: your gift has the power to transform lives. 

That’s why it’s important to plan now with your tax professional about your giving this year. The benefits you’ll receive under today’s rules are stronger than what’s coming next year, so the timing of your gift could make a real difference for you. 

Corporations also benefit under the new rules. Businesses can now deduct gifts above 1% of their taxable income—up to 15%. That means companies making bigger contributions can both lower their tax bill and strengthen the communities where their employees and customers live. 

No matter how you give—individually or through your business—your generosity helps David Lawrence Centers provide vital behavioral health services for more than 8,000 children and adults each year. Now is the time to plan ahead, maximize your giving, and make the most of these new opportunities. Consider making your gift today and see how your support benefits both you and our community.