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New Member
posted Dec 2, 2023 11:35:55 AM

What is the California maximum percent of AGI that a donation of stock to a qualified charity can be deducted?

I think Federal maximum deduction is 50%, but I can not find a definitive answer on CA. I have found 50% and 30%. Does anyone know which one it is?

0 2 800
1 Best answer
Level 15
Dec 2, 2023 12:32:28 PM

California limit is 50%. 

2 Replies
Level 15
Dec 2, 2023 12:32:28 PM

California limit is 50%. 

Level 15
Dec 3, 2023 9:17:21 AM

The federal government has "50% organizations" but also "30% limit" and "20% limit" organizations (and in fact, for some donations to a 50% limit organization, the actual limit is 60%).

 

See publication 526 for definitions of the types of charities and their limits. 

https://www.irs.gov/pub/irs-pdf/p526.pdf