American College of Clinical Pharmacy
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ACCP Report

Tax Law Change for 2026: What It Means for You

New tax rules this year may influence how you choose to give to the ACCP Foundation and other nonprofits. The biggest change this year is that you can deduct up to $1000 (single filers) or $2000 (married couples) in charitable cash donations even if you don’t itemize. So, your donation dollars can be optimized and make an impact through the ACCP Foundation. Note: Gifts to donor-advised funds are excluded.

For 2026, the standard deduction is $16,100 for single filers and $32,200 for married couples filing jointly. If you are 65 or older, you may claim a standard deduction that’s even higher: $2050 more if you are a single filer and head of a household and $1650 more per qualifying individual if you are married filing jointly, married filing separately, or a qualifying widow(er). As noted above, a charitable cash donation of up to $1000 (single filers) or $2000 (married couples) can be deducted in addition to the standard deduction.

If you’re interested in making an impact this year, we’re ready to assist you. Contact Keri Sims at (913) 359-0874 or [email protected] today to discuss your options.

The information contained herein was accurate at the time of printing. The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.