We can't see your tax return but your charitable contributions may be limited. Beginning in 2020, you can deduct:
- cash contributions in full up to 100% of your AGI to qualified charities,
- donations of property up to 30% of your AGI and
- appreciated long-term securities worth up to 20% of your AGI.
- Anything in excess of these amounts can be carried forward to the next tax year, for a maximum of five years.
Gifts of vehicles. In many instances, you’ll get far less by donating your car than by selling or trading it in. The IRS allows you to deduct only the charity’s actual selling price, and requires you to attach a statement of sale to the tax return. If the charity uses your car, rather than resells it, you are entitled to deduct the vehicle’s fair market value.
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