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Unformatted text preview: rall limitation applied next. Use higher percentage category
40,750 30% category amount
50% category used to max out overall limitation
Total charitable deduction
carryover (50,750 - 10,000),
$35,750 subject to 30% limitation
44 Charitable Contributions
x Contributions of $250 or more require written
Contributions acknowledgement by the donee organization.
acknowledgement x Noncash contributions of $500 or more require a
Noncash description of the property on Form 8283
description x Noncash contributions of $5,000 or greater must
Noncash have an independent appraisal
have x Car allowance of 14 cents per mile is permitted for
Car rendering charitable services
rendering x Parking Fees and Tolls are in addition to Mileage 45 Charitable Contribution Considerations Pension Protection Act of 2006
x All Cash Donations must be documented (e.g., a
All cancelled check or a written communication from
the recipient charity- e...
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- Spring '11