This is probably not a change - I just want to confirm my understanding. In 2022 the maximum deductible charitable deduction is 60% of AGI. I thought that you could achieve this with a combination of cash and appreciated securities. However, TT2022 seems to limit the total contribution to 50% of AGI when property is included (form charity limit section D).
For example, with 100K$ income, the max deduction is 60K$. If I enter 50K$ or more in for cash contributions, any donations of securities gets pushed out to carryover. So to achieve a 60% deduction, all donations need to be cash.
Is my understanding correct, or is there a way to achieve a 60% deduction and include appreciated securities?
