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Deductions & credits
In 2021, the limit was increased to 100% of an individual’s annual gross income in order to incentivize charitable giving during the COVID-19 pandemic.
But the 2022 charitable contribution rules have reverted back to no more than 50% of your AGIfor cash contributions. The limit is 30% of AGI for non-cash contributions (for example, donating shares of stock).
December 13, 2022
3:14 PM