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Get your taxes done using TurboTax
Where is TurboTax telling you that the limit is 100%?
In 2023, cash contributions are normally limited to 60% of AGI while non cash contributions are normally limited to 50%.
Note that in 2020 ONLY because of the CARES Act, the limit was 100% if AGI, but the limit has reverted to 60%.
If you are speaking about a QCD (Qualified Charitable Distribution), this is limited to $100,000, not to a percentage.
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‎February 2, 2024
1:35 PM