Cash Donations
You can deduct cash donations to IRS-approved charities for up to 50 percent of your adjusted gross income. You must have written records of donations to deduct cash gifts in any amount — a copy of a bank record or statement from the organization will work. However, for certain private foundations, veterans organizations, fraternal societies and cemetery organizations, you can deduct only up to 30 percent of your adjusted gross income.
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4 thoughts on “Every Single Tax Deduction You Could Possibly Ask For”
What a great summary…thank you!
This is extremely concise and helpful!
Much appreciated Very Informative Thanks
Much Appreciated info in a great floor Mate easy to understand I will be asking some questions this year from our tax man this year 2019