OB3 insights: Navigating charitable contribution changes in banking

10.30.2025 | Duration: 20:59

Navigating OB3 charitable contribution changes in banking.

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Podcast overview

In this insightful discussion, Liz L'Hommedieu, Principal in our KPMG Banking and Capital Markets Tax Practice, and Ruth Madrigal, Principal in our Exempt Organizations Tax Team, delve into the implications of the OB3 legislation on charitable contribution deductions for corporations. The new rules, effective for tax years beginning after December 31, 2025, introduce a 1% floor (in addition to the existing 10% ceiling) on these deductions, potentially impacting corporate charitable giving strategies.

Tune in, as Liz and Ruth explore the nuances of these changes, including planning strategies and the importance of proper documentation for charitable contributions

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Meet our podcast team

Image of Elizabeth B. L'Hommedieu
Elizabeth B. L'Hommedieu
Principal, Washington National Tax, KPMG US

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Banking and Capital Markets

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