Question

When entering donations I was asked if any were to Veteran's orgs due to limitations on those donations. I can't find anything on the IRS website regarding this?

Forum|Forum|2 years ago
April 21, 2024
1 reply
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According to the commentary on TurboTax donations to Veterans organizations are only deductible up to 30%
I'm trying to find some verification

TurboTax Deluxe Online

DoninGA

Employee

IRS website - https://www.irs.gov/charities-non-profits/charitable-organizations/charitable-contribution-deductions

In general, contributions to charitable organizations may be deducted up to 50 percent of adjusted gross income computed without regard to net operating loss carrybacks. Contributions to certain private foundations, veterans organizations, fraternal societies, and cemetery organizations are limited to 30 percent adjusted gross income (computed without regard to net operating loss carrybacks), however