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2020 was crazy enough where I was able to itemize, but I don't think I'll be so lucky in 2021.

Fuskie
Who has not dialed back his charitable contributions for the year, however...

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2020 was crazy enough where I was able to itemize, but I don't think I'll be so lucky in 2021.

Fuskie
Who has not dialed back his charitable contributions for the year, however...

-----
Premium Home Fool: Ask me a Foolish Question, I'll give you a Foolish Response!
Ticker Guide: The Walt Disney Company (DIS), Intuit (INTU), Live Nation (LYV), CME Group (CME), MongoDB (MDB), Trip Advisor (TRIP), Vivendi SA (VIVHY), Mimecast (MIME), Virgin Galactic (SPCE), Axon Technologies (AXON), 51Jobs (JOBS)
Disclaimer: This post is non-professional and should not be construed as direct, individual or accurate advice
Disassociation: The views and statements of this post are Fuskie's and are not intended to represent those of The Motley Fool or any other sane body
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100% of adjusted gross income?
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100% of adjusted gross income?

The limit has been 50% of gross income.

AJ
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100% of adjusted gross income?

The limit has been 50% of gross income.


Actually, TCJA 2017 raised the limit to 60% of AGI through 2025.

Ira
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I do not know how to post a link.

The IRS ruling - which I posted in the OP - indicates that charitable donations can be 100% of AGI in 2021.

Feel free to goggle. Anything from prior years is irrelevant for 2021.

PW
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indicates that charitable donations can be 100% of AGI in 2021.

For cash donations only
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For cash contributions made in 2021, you can elect to deduct up to 100 percent of your AGI (formerly 60 percent prior to the CARES Act).

New in 2021 is an additional “above-the-line” deduction for those married filing jointly. Joint filers (who aren’t itemizing) will be allowed to take an above-the-line deduction of up to $600 in cash contributions to charity this year.

These incentives apply only to cash contributions to public charities and do not apply to contributions to supporting organizations or public charities that sponsor donor-advised funds. However, there have been no changes to existing deductions for contributions made to a donor-advised fund sponsor like Fidelity Charitable. This means you are still able to deduct up to 60 percent AGI in cash and up to 30 percent AGI in appreciated assets contributed to a donor-advised fund.

https://www.fidelitycharitable.org/articles/what-the-cares-a...
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From "the source"...
The law now allows taxpayers to apply up to 100% of their AGI, for calendar-year 2021 qualified contributions. Qualified contributions are cash contributions to qualifying charitable organizations.
https://www.irs.gov/newsroom/expanded-tax-benefits-help-indi...


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post tenebras lux
For not in my bow do I trust, nor can my sword save me.
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