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Deductions & credits
The 30% limitation applies. According to the IRS on page 14 of Publication 526, Charitable Contributions,
“A 30% limit applies to… [c]ontributions to all qualified organizations other than 50% limit organizations. This includes contributions to veterans' organizations, fraternal societies, nonprofit cemeteries, and certain private nonoperating foundations.” [Emphasis mine.]
June 6, 2019
10:52 AM