How new charitable deduction rules will cut giving by $5.69 billion a year
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New charitable deduction rules are expected to reduce charitable giving, with estimates suggesting a loss of around $5.7 billion per year. However, some reports indicate that the changes may also lead to an increase in the number of donors. The impact of the rules, which are set to take effect in 2026, on overall charitable giving is uncertain, with some outlets suggesting that the increase in donors may not offset the potential loss in donations.
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