Gifts to qualified charitable organizations may be deducted as a contribution, but not to exceed 60% of an individual taxpayer's adjusted gross income.

Name: Gifts to qualified charitable organizations may be deducted as a contribution, but not to exceed 60% of an individual taxpayer's adjusted gross income.
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This statement is true. According to the IRS, donations to qualified charitable organizations are tax-deductible, but the deduction cannot exceed 60% of an individual's adjusted gross income.

Gifts to Qualified Charitable Organizations May Be Deducted as a Contribution