ITAX Deductions R13-140X

Provide the limits allowed on charitable contributions for individuals.

  • For cash contributions deduct 60% of AGI.
  • Contribution to public charities deduct 50% of AGI.
  • Contributions to other charities deduct 30% of AGI.
  • Long-term capital gains property to public charities deduct 30%.
  • Long-term capital gains property to other charities deduct 20%.
  • Unused amounts carried forward for up to 5 years.

 

May 9, 2018 | |