We try to help as many Powhatan families as we can, but a critical problem remains: the lack of safe, affordable housing in the county. Habitat-Powhatan is devoted to making more attainable, safe housing available to more residents. With the help of donations, volunteers, the proceeds from the ReStore and the hard work of Habitat-Powhatan's home buyers, this dream will be possible for more households!
New Tax Changes Are in Effect for 2026
Tax changes will be in effect for 2026. In the excerpt below, Donor Perfect's Ally Orlando outlines the universal deduction tax break and what you need to know.
1. The universal deduction returns: A win for everyday donors
Beginning in 2026, taxpayers who take the standard deduction will once again receive a limited tax break for charitable donations—up to $1,000 for individuals or $2,000 for couples filing jointly.
For the first time in years, roughly 90% of taxpayers who don’t itemize their deductions will have a direct financial incentive to give.
2. Major donors face a smaller deduction window
Under the new law, high-income donors will experience a modest reduction in their tax savings. The first 0.5% of income given will no longer be deductible, and the top marginal deduction rate drops slightly, from 37¢ to about 35¢ per donated dollar.
While the change may seem minor, for donors who give at scale—especially those considering multi-year commitments—it could influence timing, pledge structure, and giving vehicles.
3. Corporate giving raises the bar
Corporations will soon need to contribute at least 1% of taxable income before their charitable gifts qualify for a deduction (up from no minimum previously).
This new rule rewards established corporate philanthropists and challenges companies that gave sporadically or below that threshold.