A cash contribution made for the use of a public charity is deductible up to 30% of the donor’s adjusted gross income for the tax year; a contribution of property made for the use of a public charity is deductible up to 20% of the donor’s adjusted gross income for the tax year. Any amount that cannot be deducted in the current tax year is carried over in successive years (up to five years).
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The Perliski Law Group is dedicated to serving the needs of Texas nonprofit organizations. We presently represent over 100 nonprofit clients and our clients range from small hometown churches to large state-wide organizations with thousands of members. Our Firm has passion for assisting charities both small and large. Share your vision with us.