#5 Contributions - Deductible Amounts

Over the past several weeks we have described the requirements for deducting and recording charitable contributions.

In this post we will discuss calculating the deduction...

The amount of charitable contributions that may be deducted by a taxpayer is limited based on adjusted gross income, the type of property contributed or the nature of the charity.


Deductible contributions made to churches, educational organizations and most other charities are limited based on the donor's adjusted gross income. The type of property contributed (i.e. capital gain property) will determine how much can be deducted by the taxpayor. These limits range from 20% to 50% of the taxpayer's adjusted gross income (AGI).

Excess contributions may be carried over to subsequent filings up to five years, until the excess has been used.

For questions, contact us.