Charitable Contribution limits

  • Creator
    Topic
  • #1290228
    Anonymous
    Inactive

    When does charitable contribution have a 50% limit and when does it have a 30% limit. Can someone explain this to me?

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  • #1290258
    Spartans92
    Participant

    @sunni, generally cash and overall its limited to 50% of AGI. The 30% limitation is for Appreciated property. But let's say you donated both cash and property then overall would be 50% AGI.

    BEC- PASS

    #1290709
    Skynet
    Participant

    Charitable Contribution limit:

    50% is what is allocated after a divorce between the two espouses.

    30% is probably what the guy will have to pay to his ex-wife in alimony payments.

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