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Minnesota 2020 Charitable Contribution Limit
Minnesota conforms to the federal charitable contributions deduction when itemizing. The CARES Act increased the limit on cash contributions from 60% to 100% of AGI. For 2020 does Minnesota allow a deduction up to 100% of AGI for cash Charitable Contributions or is it limited to the 60% as in prior years? Turbotax is currently limiting it to 60%, but I am not sure that is correct.
‎January 23, 2021
12:14 PM