Written by Don Kramer

Not as bad as it could have been for nonprofits; A significant above-the-line deduction for public charities

The so-called One Big Beautiful Bill Act, which was narrowly passed by Congress and signed by the President in July 2025, provides a significant above-the-line charitable contribution deduction for public charities and avoids some of the most adverse proposals for the charitable sector. 

But its major benefits flow to wealthy taxpayers whose “temporary” tax cuts of 2017 have been made permanent, and some of its other provisions will have significant impact on the work of the charitable sector.

You can read more in Don Kramer’s article here.