How Much Do Charitable Donations Reduce Taxes?
Usually, you can deduct contributions of cash in full up to 60 per cent of your AGI, property donations up to 30 per cent of your AGI and relished long-term protection worth up to 20 per cent of your AGI. Anything above these values can be taken forward to the next year of tax, for a maximum of 5 years. Vehicles Gifts. Explore more information at DNS Accountants and get a free consultation.