There’s a lot to go through in the One Big, Beautiful Bill Act or “OBBBA”. We are going to focus on some of the changes impacting tax exempt organizations and a high level overview of what the average nonprofit leader and donors are interested in. This is not meant to be comprehensive, rather a digestible overview of the OBBBA as it impacts the charitable landscape.

You Can’t Deduct What You Don’t Itemize. Anecdotally, the 2021 changes to the Internal Revenue Code (IRC) impacted the giving patterns of small donors in particular by requiring taxpayers to choose between itemizing charitable contributions or taking the standard deduction.