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Deductions & credits
@Bax35 wrote:
Hi - Can you verify that for Tax Year 2020 deductions may be as great as 100% of AGI, please? Do deductions have to be made by EOY 2020? Thanks.
Cash donations may be deducted up to 100% of AGI. The usual limits apply to non-cash donations.
Donations must be made in calendar year 2020, there has been no change to the provisions that donations are treated as of the date they are actually paid.
‎October 26, 2020
9:41 AM