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NEW 2026 TAX LAWS 

WHAT IT MEANS FOR YOUR GIVING

Changes to the tax code beginning January 1, 2026, could affect how—and when—you choose to give to Camp Timberline.

 Things You Need to Know​​​​​​​​​​​​​​​​​​​

What’s New:​​

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  1. Tax benefit for non-itemizers
    Even if you don’t itemize, you can deduct up to $1,000 (single filers) or $2,000 (married couples). So even smaller donations can make an impact. Note: Gifts to donor advised funds are excluded.

  2. New floor for itemizers
    You will need to give at least 0.5% of your adjusted gross income (AGI) to claim a charitable deduction. Consider maximizing your giving in 2025 before the new rule takes effect.

  3. New limit for top earners
    Currently, top earners get a 37-cent tax benefit for every $1 deducted. Starting in 2026, that drops to 35 cents. If you are in the top tax bracket, consider giving more this year to avoid losing tax benefits next year.

What Stays:​

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  1. Income tax brackets
    The new law permanently extends the current tax rates.

  2. Standard deduction
    For 2025, it will be $15,750 for single filers and $31,500 for married couples filing jointly. If you don’t itemize, you may still benefit if you give appreciated stock, real estate or, if you are 70½ or older, from your IRA.

  3. Deduction limit for cash gifts
    You can still deduct cash gifts of up to 60% of your AGI. Consider combining your cash and non-cash assets (often called blended giving) to maximize your tax benefits and impact.

  4. Estate and gift tax exemption                                                            It will increase to $15 million per individual and $30 million per married couple filing jointly. Your estate is likely under this amount, so focus on current giving to receive tax benefits.

childcare tax credit

Take advantage of the Colorado Child Care Contribution Tax Credit. 

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Contributions to Camp Timberline are eligible for standard charitable contribution deductions as allowed for both state and federal income taxes. In addition, you may also be able to take advantage of the Colorado Child Care Contribution Tax Credit. This is a great way for you to maximize your giving to Camp Timberline while reducing the after-tax cost of your gift. This credit is not valid for stock transfers, gifts in-kind, or gifts made through a foundation or donor advised fund.​  As a licensed childcare program, Colorado taxpayers who contribute to Camp Timberline may be able to decrease the after-tax cost of gifts by more than 50%. 

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The table below provides an example of how the tax credit can be applied and is subject to change according to tax laws. Please consult your tax advisor regarding the tax-deductibility of your gift.

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Figures in the table are based on a 32% Federal tax bracket with itemized deductions and take into account the state and Federal loss of charitable deductions as a result of the childcare credit on the state income tax return. Also assumed is that the maximum level of deductible state taxes has been reached for federal purposes.

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Standard Limitations:

  1. Credit is allowed at 50% of donation amount.

  2. The credit allowed shall not exceed $100,000 per year.

  3. The credit allowed shall not exceed the tax liability for the year. 

  4. Credits may be carried forward for up to 5 years.

  5. Credit is not valid for stock transfers, in-kind donations or gifts made through a foundation or donor advised fund.​​​​

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