Welcome Guest. Register Now!  


Itemized Deductions Schedule-A


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 07-09-2008, 11:22 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
Which Organizations qualify for the 30% Limit on AGI?

The IRS has not provided a extensive list regarding the Organizations that would qualify for the 30% limit, however, this limit applies to the following gifts or contributions;

Gifts to all qualified organizations other than 50% limit organizations.
The IRS has stated that these organizations would include gifts made to

1. veterans' organizations,

2. fraternal societies,

3. nonprofit cemeteries,

4. certain private nonoperating foundations.

Please refer to the following link to review which Organizations qualify for the 50% Limit on AGI.

Which Organizations qualify for the 50% Limit on AGI?

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Last edited by TaxGuru : 07-09-2008 at 11:26 AM.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Which Organizations qualify for the 50% Limit on AGI? TaxGuru Itemized Deductions 0 07-09-2008 11:17 AM
What is the limit for a Childs ROTH IRA Contribution? TaxGuru For 2008 0 06-06-2008 07:44 AM
Contribution limit of an officer to his/her own non-profit organization canrocky Non-Profit Organisation 0 05-11-2008 11:28 PM
Charitable Contribution limit for C Corporations! bookkeeping C-Corporation 1 01-29-2007 10:43 AM
New Internet-Based Workshop Helps Tax Exempt Organizations Remain in Compliance Samatg Tax News 0 01-23-2007 07:27 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.