turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
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

1 Reply
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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies