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tjsmrc2018
December 2, 2023
Solved

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

  • December 2, 2023
  • 2 replies
  • 0 views
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?
Best answer by Bsch4477

California limit is 50%. 

2 replies

B
Bsch4477Answer
Employee
December 2, 2023

California limit is 50%. 

O
Opus 17
Employee
December 3, 2023

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

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