ORLANDO, Fla. — As you prepare to do your taxes for 2025, you won’t get extra deductions for donations to charity. But with a new federal rule in place starting in 2026, that changes, and there could be more deductions for you.

What You Need To Know

A new federal rule in place starting in 2026 could mean more deductions for you, so make sure you prepare now to be ready

Bike/Walk Central Florida has seen steady donations over the years, but changes in federal tax deductions might give it a boost

An estimated 150 million people who use a standard deduction on their taxes can get additional deductions for donating to charity

Save receipts from donations in 2026 so you are prepared when you file your taxes in 2027

In Central Florida, many rely on countless nonprofit organizations. “We want Central Florida to be a safe place for people to walk, bike and roll,” said Patrick Panza, the VP and Director of Operations at Bike/Walk Central Florida.

Those organizations also rely on members of the community.

“Honestly, the donations mean everything to us as a nonprofit organization. We can’t do the work we are doing without the charity of others,” Panza said.

Bike/Walk Central Florida has seen steady donations over the years, but changes in federal tax deductions might give it a boost.

“Individuals have more flexibility and more options than we have had over the past few years. That gives us a lot of optimism about what we might see from individual giving this year,” Panza said.

As part of the “One Big Beautiful Bill Act,” an estimated 150 million people who use a standard deduction on their taxes can get additional deductions for donating to charity.

“I think what is great is it is $1,000 for single individual filer, it is $2,000 for married filing joint,” said CPA Vicki Simmons-Hinz, a tax partner at KSDT.

Simmons-Hinz said that in order to see those benefits, start saving your receipts now.

“I believe everybody is very charitable to begin with, much more than what they realize,” Simmons-Hinz said.

Whether it’s rounding up your total at the store or a payroll deduction at work, every cent adds up at the end of the year. “Let’s say, for example, you have given $100 to a couple different organizations, that totals up to $500 — if you are a single individual you are allowed to deduct the standard deduction plus the total of those $500 that you paid to various charitable organizations,” Simmons-Hinz said.

The extra deductions only apply for charity when using a standard deduction, not itemized. For people with higher net worth who itemize, their deduction won’t be as big as it used to be. “That could have an impact potentially in the other direction, but we are hoping it balances out,” Panza said.

Again, these deductions apply for your 2026 taxes, so they won’t be in effect until you file in 2027. But make sure you are tracking your donations now to get those new deductions.