[Anonymous]

OK General Rule – it’s no more than 10% of AGI for a corporation, no more than 50% for an individual.

What about the S Corps and other pass throught entites? For some reason, I had it in my head that 50% of the Charitable contributions were deductible (that;s the contributions themselves). Reported as a separate item on the K.

It seems like such a simple question, but I can’t find a clear answer!

HOw much can an S Corp charge against oridinary income for donations – any – 50%. I mean againt the amount of money contributed here. Contribute $3,000 you get a deduction for $1,500.

[tuanxn]

Charitable contributions are separately stated items for S-corps, so the shareholder's proportionate share of the charitable contribution will pass through to the shareholder and limited at their individual levels.

Ordinary income is calculated with non-separately stated items, which is calculated at the S-corp level and passed through to the shareholder pro-rata. Therefore, the charitable contribution is not deducted from ordinary income at the S-corp level.

[Anonymous]

I have to find the IRS example and post it. It was a basis example, but it said “Charitiable contributions 50%”

[Author]

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