Changes to Charitable Contributions in 2026 When the One Big Beautiful Bill was signed into law in 2025, some changes were delayed until 2026. Charitable contributions are one of those changes. We will spend some time discussing the changes and then discuss some strategies to use charitable contributions to reduce your taxes. New deduction for taxpayers who take the standard deduction In 2025, you could only deduct charitable contributions if you itemized deductions on your

In our first article, we explained how Trump Accounts work, who qualifies, and why they represent a new way to save and invest for children. Once you understand the taxation of Trump Accounts, the logical question one might ask is: "Why not just open a brokerage account for my child instead?" The answer to that question depends upon your goals. At first glance, a traditional brokerage account may appear more attractive from a tax perspective. But when you look beyond the firs

This first article in our three-part series explains what Trump Accounts are, who qualifies, how they can be opened and funded, and why families may want to include them in a broader long-term planning strategy. Key takeaways Trump Accounts are the first retirement-style account that allows meaningful annual contributions for a child without requiring earned income. Opening an account may be the first practical step when a child qualifies for the $1,000 pilot contribution or