Charitable Deduction Limits Worksheet

Charitable Deduction Limits Worksheet 2018 • Keep for your records Name(s) Shown on Return Social Security Number Step 1. Ust your qualified charitable contributions made during the year. 1 Enter contributions for relief efforts in the California wildfire disaster areas that you elect to treat as qualified contributions. Do not include this amount on line 2 below Step 2. Ust your other charitable contributions made during the year. 2 Enter your cash contributions to 50% (60%) limit organizations. Do not include contributions entered on line 1 3 Enter your non-cash contributions to 50% limit organizations. Do not include contributions of capital gain property deducted at fair market value 4 Enter your contributions to 50% limit organizations of capital gain property deducted at fair market value 5 Enter your contributions (other than of capital gain property) to organizations that are not 50% limit organizations 6 Enter your contributions for the use" of any qualified organization 7 Add lines 5 and 6 8 Enter your contributions of capital gain property to or for the use of any qualified organization. (But do not enter here any amount entered on line 1, 2 or 3) Step 3. Figure your deduction for the year and your carryover to the next year. 9 Enter your adjusted gross income 10 a Multiply line 9 by 0.5. This is your 50% limit bMultiply line 9 by 0.6. This is your 60% limit Limits Cash and Other Capital gain 50% Org Other 50% Org Other Deduct this year Carryover to next year Cash Contributions to 50%(60%) limit organizations 11 Enter the smaller of line 2 or line 10b . 12 Subtract line 11 from line 2 13 Subtract line 11 from line 10b • Contributions to 50% limit organizations 14 Subtract line 2 from line 10a 15 Enter the smallest of line 3, 10a or 14 . 16 Subtract line 15 from line 3 17 Subtract line 16 from line 15 Contributions not to 50% limit organizations 18 Add lines 2.3 and 4 19 Multiply line 9 by 0.3. This is your 30% limit. 20 Subtract line 18 from tine 10a 21 Enter the smallest of line 7, 19, or 20 . 22 Subtract line 21 from line 7 23 Subtract line 21 from line 19 Capital gain property to 50% limit organizations 24 Enter the smallest of line 4, 17, or 19 . 25 Subtract line 24 from line 4 26 Subtract line 21 from line 20 27 Subtract line 24 from line 19 Capital gain property not to 50% limit organizations 28 Multiply line 9 by 0.2. This is your 20% limit. 29 Enter the smaller of line 8, 23, 26, 27, or 28 30 Subtract line 29 from line 8 31 Add lines 11, 15, 21, 24, and 29. Amount for Schedule A, Line 14 I EFTA01221106 32 Subtract line 31 from line 9 33 Enter the smaller of line 1 or line 32 here on Schedule A, line 14 34 Subtract line 33 from line 1 35 Add lines 12, 16, 22, 25, 30 and 34. Carry to next year. • EFTA01221107