Gail is itemizing deductions on her federal income tax return. Her AGI was $281,980 last year, and she contributed $142,560 to c

Question

3 years ago

15

harity. If charitable contributions are deductible up to 50% of a taxpayer's AGI, how much can Gail deduct for charitable contributions?

2 answers:

dexar [7] · Answer 1 · 2022-06-05T10:26:33+03:00

dexar [7]3 years ago

8 0

$281,980 * .50 = $140,990
Gail can deduct $140,990 charitable contributions

elena-14-01-66 [18.8K] · Answer 2 · 2022-06-05T12:54:01+03:00

6 0

Answer:

140990

Step-by-step explanation: