Charitable Contribution Deduction

Definition

Section 170 allows itemized deduction of contributions subject to AGI-based percentage limits varying by charity type and gift type. Cash gifts to public charities are deductible up to 60 percent of AGI through 2025.

Examples

• A taxpayer with $200,000 AGI gifting $50,000 cash to a public charity may deduct the full amount (within the 60 percent limit).