If you’re a YouTuber, creator, online seller, or medical professional who gives to charity, there’s a new tax break you should know about — even if you usually take the standard deduction.
A new tax law signed recently brings big changes for how donations work on your tax return. Here’s what’s new and what it means for you:
1️. You Can Deduct Donations Without Itemizing
In the past, only taxpayers who itemized could deduct charitable donations. But most people — including busy Shopify store owners, Amazon sellers, and dentists — use the standard deduction because it’s easier.
Starting in 2025, you can still get a small tax break for donations even if you don’t itemize:
✔ Up to $1,000 if you file solo
✔ Up to $2,000 if you file jointly
Heads up: This doesn’t apply to gifts to donor-advised funds (those special giving accounts).
2️. The Standard Deduction Is Increasing
The standard deduction — the flat amount you deduct from your taxable income — is getting a boost:
✔ Couples: $31,500
✔ Single filers: $15,750
3️. Bigger Donations? The Rules Changed
If you do itemize, you now need to give more than 0.5% of your income before your donations count.
Example: If you’re a successful YouTuber or dentist making $1 million, the first $5,000 in donations won’t count toward your deduction. The good news? You can carry that unused portion forward to future years.
4️. High Earners Lose a Bit
If you’re in the highest tax bracket — think large Shopify stores or thriving dental practices — your charitable deductions are now worth slightly less. Instead of saving 37 cents on the dollar, you’ll save 35 cents. It’s not huge, but it can add up.
5️. New Scholarship Tax Credit
Starting in 2027, donations to qualified charities that fund K–12 scholarships will earn you a tax credit of up to $1,700.
A credit is even better than a deduction — it reduces your tax bill directly, dollar-for-dollar.
Key Takeaway for Creators & Small Business Owners
✔ If you don’t itemize, you still get something back for giving.
✔ If you plan big donations, talk to a tax advisor now — timing could save you money.
✔ Scholarship donations can unlock future credits — plan ahead!
✔ Even high earners still benefit — but check your math.
Why This Matters for YouTubers, Shopify Sellers & Medical Professionals
As a trusted CPA for YouTubers, CPA for Shopify Store, CPA for Dental Practice, and more, we see creators and professionals leave money on the table every year by missing out on these updates.
The right tax plan makes every dollar count — whether you’re giving back to your community or building your business empire.
For more information about our tax planning services, contact us today: visit our website.
Velin & Associates, Inc
8159 Santa Monica Blvd STE 198/200 West Hollywood, CA 90046
323-902-1000
dmitriy@losangelescpa.org