![]() ![]() Contributions that exceed that amount can carry over to the next tax year. A corporation may deduct qualified contributions of up to 25 percent of its taxable income. Individuals may deduct qualified contributions of up to 100 percent of their adjusted gross income. Qualified contributions are not subject to this limitation. In most cases, the amount of charitable cash contributions taxpayers can deduct on Schedule A as an itemized deduction is limited to a percentage (usually 60 percent) of the taxpayer’s adjusted gross income (AGI). Temporary Suspension of Limits on Charitable Contributions
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