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.

https://www.irs.gov/charities-non-profits/charitable-organizations/charitable-contribution-deduction...

 

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.