Giving
Universal Charitable Deduction - New in 2026!
New in 2026, the universal charitable deduction allows you to deduct charitable contributions from your taxable income, even if you don't itemize.
It is available to all taxpayers, regardless of income level. Deduction Limits: $1000 for a single filer, $2000 for married couples filing together.
To qualify for the deduction, contributions must be made in cash (including checks and electronic transfers) to eligible public charities (501(c) (3) organizations.
Giving Options with Potential Tax Benefits
There are a variety of other giving opportunities to support the Lord’s work now (while at the same time, potentially receiving tax benefits) and in the future.
Some options include:
1. WORKPLACE GIVING (as some employers may match donations)
2. Donating STOCK, CRYTOCURRENCY, REAL ESTATE, or other assets
3. PLANNED GIFTS through wills, trusts, Donor-Advised Funds (DAF), and/or Qualified Charitable Donations (QCD)^
^ Qualified Charitable Donations are available if you are aged 70 ½ or older. These donations count toward your required minimum distribution.
Please speak with your financial advisor, tax advisor, or attorney for specific details on your circumstances. There may also be other resources available to assist you (ex.
WELS programs).
If you have any additional questions, please reach out to the Finance Team at St. Mark.
Please note that we are not attorneys, certified public accountants, or financial planners; nor can we provide legal or financial planning advice.