Major U.S. charities warn they may struggle to meet rising demand for food, coats, and gifts as the 2025 holiday season begins amid falling donations, high costs, and the lingering financial strain of the year’s prolonged Democrat-led government shutdown.
The Trump administration’s new tax rules next year under the Big, Beautiful Bill Act may also affect contributions.
The act creates a new above-the-line charitable deduction of up to $1,000 for single filers or $2,000 for couples who do not itemize.
Read more at Newsmax© 2025 Newsmax. All rights reserved.
