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As a valued supporter of Caminar, your generosity fuels our mission to provide whole-person care and compassionate support to those who need it most. With the recent changes to federal tax law, you may be wondering how your charitable giving will be affected and how to make the most of your contributions.
We’ve put together this FAQ to help you navigate the new landscape and continue giving with confidence in 2026.
1. Can I still deduct charitable donations if I don’t itemize my taxes?
Yes! Starting in 2026, individuals who take the standard deduction can deduct up to $1,000 (single) or $2,000 (married filing jointly) in cash gifts to qualified charities like Caminar. This was a temporary tax law that started in 2020 and will be made permanent in 2026.
2. What is the new 0.5% AGI floor for itemized deductions?
If you itemize your taxes, only the portion of your charitable gifts that exceeds 0.5% of your Adjusted Gross Income (AGI) will be deductible.
Example:
AGI = $200,000 → First $1,000 not deductible
AGI = $800,000 → First $4,000 not deductible
3. Are there tax deduction limits based on the type of gift I give?
Yes.
Cash gifts: Up to 60% of AGI
Stock gifts: Up to 30% of AGI
In-kind gifts: Up to 50% of AGI
All are subject to the 0.5% AGI floor. Excess amounts can be carried forward as deductions for up to five years.
4. Can I carry forward deductions that exceed the annual limit?
Yes. Starting in 2026, if your charitable contributions exceed the AGI-based deductible limit and you itemize, you can carry forward the excess deduction amount for up to five years. Each year, you can deduct the remaining amount as if the gift were made in that year, subject to that year’s AGI limits. Be sure to track how much of the original donation was used and what remains.
5. What’s happening with the SALT deduction?
The State and Local Tax (SALT) deduction cap has been raised to $40,000 for taxpayers with AGI under $500,000.
6. What are Qualified Charitable Distributions (QCDs), and who can use them?
If you are 70.5 years of age or older, you can donate up to $108,000 directly from your IRA to Caminar or other qualified charities. These QCDs count toward your Required Minimum Distributions (RMDs) and are not taxed as income.
7. Should I consider using a Donor-Advised Fund (DAF)?
Yes—especially if your AGI is over $500,000. A DAF allows you to consolidate multiple years of giving into one tax year, helping you exceed the 0.5% AGI floor and maximize your deduction. This is referred to as a bunching strategy. You can read more about it on Fidelity Charitable’s website: Bunching Charitable Donations | Fidelity Charitable
8. What should I do next?
You may want to consult a tax advisor to tailor your giving strategy. We invite you to contact the Development Department for more information on all the ways you can support Caminar’s mission with your giving by emailing us at development@caminar.org. You may also want to consider giving in 2025 before the new limits take effect in 2026.
9. Our recommendations for deeper dives
Tax Foundation’s FAQ article, One Big Beautiful Bill Act Tax Changes FAQ | Tax Foundation.
Fidelity Charitable Giving blog, One Big Beautiful Bill: Impact on Charitable Giving | Fidelity Charitable
National Philanthropic Trust blog, Navigating Charitable Giving in the Wake of New Tax Reform | NPTrust
Morgan Stanley’s 2025 Tax Table, PDF to bookmark or print, 2025_tax_tables.pdf
Ready to make a tax-smart gift? Contact our team at development@caminar.org or visit caminar.org/donate.
