You may want to schedule an appointment with your financial planner or tax preparer to discuss how the bill will affect your 2025 tax liability. In 2025, taxpayers can make QCDs of up to $108,000 from their IRAs to qualifying charities. Starting in 2026, taxpayers who don’t itemize can deduct up to $1,000 in charitable contributions, or up to $2,000 for married couples who file jointly. More-generous tax credits for parentsThe OBBBA permanently extends the child tax credit and increases it to $2,200 per child, up from $2,000. Annual contributions are not tax-deductible, and earnings are taxed at the beneficiary’s income tax rates when withdrawn.