Linda's personal records for the current year show the following facts:
Linda's AGI for the current year is $32,000.What is her charitable contribution deduction?

Question

Linda's personal records for the current year show the following facts:  ​
Linda's AGI for the current year is $32,000.What is her charitable contribution deduction?

Quizplus · Accepted Answer

According to Linda's personal records, her donation of $1,800 is less than 50% of her AGI of $32,000. Therefore, the maximum deduction she can claim is 50% of her AGI, which is $16,000. However, the deduction is limited to 60% of her AGI in case of donations to public charities such as United Way. Hence, her charitable contribution deduction would be $9,800 (which is 30% of her AGI after deducting $1,800).

Linda's Personal Records for the Current Year Show the Following