Charitable giving can be deeply personal, but the tax impact can be beneficial to you as well. If you want your donations to support your overall tax plan, it helps to think about your giving strategy early in the year instead of waiting until December. That's even more important in 2026 because the OBBBA (One Big Beautiful Bill Act) introduced new rules that change how charitable deductions work.

Donating to a non-profit organization supports a cause that is meaningful to the contributor, but to those who are 70 1⁄2 or older, it also offers significant tax advantages. One such method is through Charitable Gift Annuities (CGAs). This financial tool allows donors to make substantial charitable contributions while also securing a steady income stream for themselves. If you're eligible, here's how you can leverage CGAs to save on your taxes while contributing to a non-profit you care about.