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Charitable Contributions

Donations made to “qualified charitable organizations”

Must itemize to get benefit (except 2020, 2021)
No AMT adjustment
Cash - must be documented by bank record or written verification from the charity.
Non-Cash – See documentation requirement in chapter.
Use of Assets – No deduction
Foreign charities generally not allowed except for Canada, Mexico and in some cases Israel
AGI Contribution Limits
- 60% 2018-2025 (50% in other years); 100% cash - 2020, 2021 - These categories include churches and other houses of worship; tax-exempt educational institutions and hospitals; federal, state, and local governmental units, etc.
- 50% Non-cash contributions
- 30% limit – Generally all other groups other than 50%-limit organizations including fraternal organizations, public cemeteries, and private non-operating foundations.
- 20% limit - This applies to gifts of capital gain property made to all qualified organizations other than 50% limit organizations.
Carryovers - 5 years