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September 24, 2026
by: Savant
Savant - Wise Counsel

Why Trump’s ‘Big Beautiful Bill’ May Shrink or Boost Your Charitable Tax Break for 2026

Ed Jastrem, senior planning specialist at Savant Wealth Management, was quoted in a CNBC.com article examining how charitable deduction rules are changing in 2026 under the new tax legislation. 

The article covers key updates, including a deduction floor for taxpayers who itemize and a cap on deductions for those in the top tax bracket. Jastrem addressed how these changes may affect year-end tax and giving strategies. 

“The floor gets higher, so if you don’t adjust your giving plan, you’re potentially losing more and more of the deduction,” Jastrem told CNBC. 

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