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The Big Beautiful Bill may have a big but not so beautiful impact on corporate giving next year. In 2026, corporations will have new limits on their charitable giving. Currently, they can deduct 10% of their taxable income, but next year the first 1% will be excluded.
Subchapter S corporations have long been allowed more generous charitable deductions, allowing owners to deduct up to 60% of their Adjusted Gross Income. In 2026, however, they also will experience a reduction by having to exclude the first .5% of their Adjusted Gross Income. These changes may require some shrewd decisions.
Proverbs 8:5 teaches, “Learn to be shrewd, you who are inexperienced; develop common sense, you who are foolish.”
Making some tax decisions in 2025 may help prepare for maximum benefit in 2026.
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