Some contributions are limited to 50% of the taxpayer's AGI,others may be limited to a lower % of AGI.Deductions to which of the following organizations are subject to the 50% limitation on deductible contributions?

Question

Quizplus · Accepted Answer

Deductions to both churches and conventions of organizations of churches as well as hospitals and certain medical research organizations associated with these hospitals are subject to the 50% limitation on deductible contributions. Deductions to Rotary, Elks, and Lions Clubs who raise money for public causes are subject to a lower percentage limitation of 30%. Therefore, the correct choice is D as both (a) and (b) are subject to a 50% limitation.

Some Contributions Are Limited to 50% of the Taxpayer's AGI,others