In 2021, with an AGI of $60,000, lets assume the following example of contributions:
1) Appreciated stocks and mutual funds held more than 1 year : $18,000 to Fidelity Donor Advised Fund.
2) Cash of : $7,000 to Fidelity Donor Advised Fund.
3) Household goods at Fair Market Value to Goodwill. Various dates - all under $500 : $5,000 Total value.
Appreciated assets are 30% of AGI (which I believe is the maximum).
TOTAL contribution is $30,000 or 50% of AGI.
QUESTION: Will the full amount of the donations, $30,000, be fully deductible with an AGI of $60,000 in 2021?? IF not, what would the limits be??
