In general, deductible contributions to public charities cannot exceed 50 percent of the taxpayer's adjusted gross income for the year.

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Quizplus · Accepted Answer

This is true. The IRS limits deductible contributions to public charities to 50 percent of the taxpayer's adjusted gross income for the year. If the taxpayer's contributions exceed this limit, they can be carried forward for up to five years.

In General, Deductible Contributions to Public Charities Cannot Exceed 50