The One Big Beautiful Bill Act (OBBBA) made sweeping changes to the tax treatment of charitable giving, education savings, and family planning opportunities. This course provides a practical, practitioner-focused review of the new rules affecting individuals and families, with an emphasis on planning opportunities and compliance issues for 2026 and later tax years.
Learning Objectives
- Identify the charitable contribution provisions enacted by OBBBA and explain how they differ from prior law
- Apply the new charitable deduction rules to both itemizing and non-itemizing taxpayers, including the applicable limitations, thresholds, and planning opportunities
- Evaluate planning strategies involving charitable contributions, qualified charitable distributions, donor-advised funds, and timing of charitable gifts under OBBBA
- Explain the expanded qualified uses of Section 529 education savings plans
Major Topics
- New charitable contribution rules, including the deduction available for non-itemizers
- New limitations affecting itemized charitable deductions
- Donor-advised funds, qualified charitable distributions (QCDs), and charitable bunching
- Expansion of Section 529 education savings plans.
- Increased annual Section 529 K-12 withdrawal limits
- Newly eligible elementary and secondary education expenses
- Expanded uses for workforce training and recognized postsecondary credential programs
- Planning opportunities for families, business owners, and professionals pursuing continuing education
- Permanent enhancements to ABLE accounts and their coordination with education planning
