EPISODE RESOURCES

NerdWallet Article on Charitable Giving

EPISODE SUMMARY
In this episode, we explore how to set a budget for charitable giving and discuss upcoming updates in 2026 that will make charitable contributions more beneficial for your tax returns. Brenton shares personal experiences from recent financial literacy events and an interview with NerdWallet, focusing on how much to give to charities, especially when religious observances are involved. Listeners are given tips on planning their charitable contributions, considering both religious and non-religious motivations, and aligning them with their overall financial plans. The episode also delves into potential tax implications and benefits, explaining new rules from the 'One Big Beautiful Bill Act' that will impact itemized deductions and above-the-line tax deductions for charitable giving starting in 2026.

00:00 Introduction to Charitable Giving and Tax Benefits
00:49 Personal Insights and Financial Literacy Events
01:22 Determining How Much to Give
02:24 Religious Contributions and Financial Impact
05:21 Creating a Giving Plan
07:18 Tax Components of Charitable Giving
09:54 Changes in Charitable Giving for 2026 and Beyond
14:34 Conclusion and Final Thoughts

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