On July 4, President Trump signed Republicans’ budget package, referred to as the “One Big Beautiful Bill Act” (OBBBA), into law, capping months of work to craft tax legislation to address the trillions of dollars of tax cuts that were set to expire at the end of the year. The final version of the OBBBA included several tax policy changes that impact the nonprofit sector

Permanent non-itemizer charitable deduction capped at $1,000 for individuals and $2,000 for joint filers

A 0.5 percent floor on charitable deduction...