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greg-a-tanner-g8
New Member

We donated over $6000 to charities this year. what is the maximum deduction I can take? I could carry some over to next year I think.

 
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Coleen3
Intuit Alumni

We donated over $6000 to charities this year. what is the maximum deduction I can take? I could carry some over to next year I think.

You can contribute and deduct up to 50% of your AGI. If you contributed more than that amount, the balance would carry forward until the next year. However, if you donated in 2016, you can't "save" the donations until another year. What was contributed in 2016 has to be taken on the 2016 return.

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Coleen3
Intuit Alumni

We donated over $6000 to charities this year. what is the maximum deduction I can take? I could carry some over to next year I think.

You can contribute and deduct up to 50% of your AGI. If you contributed more than that amount, the balance would carry forward until the next year. However, if you donated in 2016, you can't "save" the donations until another year. What was contributed in 2016 has to be taken on the 2016 return.

View solution in original post

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