https://ttlc.intuit.com/community/tax-credits-deductions/discussion/am-i-able-to-deduct-charitable-contributions-if-i-have-negative-agi/01/396188#M50038 Tue, 04 Jun 2019 19:42:06 GMT ifasko 2019-06-04T19:42:06Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/am-i-able-to-deduct-charitable-contributions-if-i-have-negative-agi/01/396188#M50038 Tue, 04 Jun 2019 19:42:06 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/am-i-able-to-deduct-charitable-contributions-if-i-have-negative-agi/01/396188#M50038 ifasko 2019-06-04T19:42:06Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-they-would-need-to-be-carried-forward-to-next-year-a/01/396197#M50039 <P>No, they would need to be carried forward to next year.</P><P>According to the IRS:</P><P> <I>"If your total contributions for the year are 20% or less of your adjusted gross income, you don't need to read the rest of this section. The remaining limits discussed in this section don't apply to you.</I> <BR /> </P><DIV> <I>The amount you can deduct for charitable contributions generally is limited to 50% of your adjusted gross income. Your deduction may be further limited to 30% or 20% of your adjusted gross income, depending on the type of property you give and the type of organization you give it to. A higher limit applies to certain qualified conservation contributions. These limits are described in detail in this section.</I> </DIV><DIV> <I>Your adjusted gross income is the amount on Form 1040, line 38."</I> </DIV><DIV> <I> <BR /> </I> </DIV><DIV> <I> <A rel="nofollow" href="https://taxmap.irs.gov/taxmap/pubs/p526-005.htm" target="_blank">https://taxmap.irs.gov/taxmap/pubs/p526-005.htm</A> <BR /> </I> </DIV><DIV> <BR /> </DIV> Tue, 04 Jun 2019 19:42:08 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-they-would-need-to-be-carried-forward-to-next-year-a/01/396197#M50039 KrisD 2019-06-04T19:42:08Z