Tax benefits for donating to St Hugh
Tax laws change. Best to check with your tax expert.
Qualified Charitable Distribution, or QCD:
If you are 70 1/2 or older, have a traditional IRA, you can direct your IRA to pay St Hugh directly up to $108,000 tax free and is part of your RMD.
Detail explanation: https://nationaltaxreports.com/qualified-charitable-distributions-to-church/
Contact your IRA trustee for their procedure to do this.
2026 tax Charitable Contributions for Non-Itemizers
Don't itemize? For 2026 you may deduct up to $1,000 ($2,000 if filing jointly) of your cash contributions.
It is called above-the-line deduction placed on schedule 1.
IRS topic no 506
Currently, you can only deduct charitable contributions if you itemize deductions on Schedule A (Form 1040), Itemized Deductions (this may be limited). See Publication 526, Charitable Contributions. Beginning with tax year 2026, if you do not itemize, you may deduct up to $1,000 ($2,000 if filing jointly) of your cash contributions to certain qualified organizations.
Don't itemize? For 2026 you may deduct up to $1,000 ($2,000 if filing jointly) of your cash contributions.
It is called above-the-line deduction placed on schedule 1.
IRS topic no 506
Currently, you can only deduct charitable contributions if you itemize deductions on Schedule A (Form 1040), Itemized Deductions (this may be limited). See Publication 526, Charitable Contributions. Beginning with tax year 2026, if you do not itemize, you may deduct up to $1,000 ($2,000 if filing jointly) of your cash contributions to certain qualified organizations.
