how much can you deduct from your income for making charitable contributions?

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how much can you deduct from your income for making charitable contributions?

2007-06-13 11:06:32 · 3 answers · asked by James W 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

The amount of your actual contribution, which may or may not be subject to certain percentage limitations. some limitations are 20%, 30% and 50% depending on the type of contribution and the organization that you contribute to
see Publication 526
http://www.irs.gov/publications/p526/index.html

2007-06-13 11:55:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋

However, be aware that if you deduct so much that you're out of the norm, you risk an audit.

2007-06-13 12:03:29 · answer #2 · answered by jdkilp 7 · 0⤊ 0⤋

all of it with some restrictions

2007-06-13 11:10:36 · answer #3 · answered by skcs11 7 · 0⤊ 0⤋