Good morning. Your charitable contribution tax deduction may be limited. There are limits specific to charitable contributions, and there are general limits on itemized deductions. Generally, you can deduct: i) cash contributions in full up to 50% of your adjusted gross income; ii) property contributions in full up to 30% of your adjusted gross income; and iii) contributions of appreciated capital gains assets in full up to 20% of your adjusted gross income.Charitable contributions in excess of these limits can be carried over to the following tax year. The excess contributions can be carried over for a maximum of five years.
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