Posts Tagged: Adjusted gross income

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25 Days of Giving: Quick Rule-of-Thumb on Charitable Deduction Limits

The limits on federal income tax charitable deductions are quite high, but they do exist. Keep this in mind as you make any year-end donations. The specific limitations are complicated, and there are numerous exceptions. The limits are based on your AGI (adjusted gross income). AGI is an individual’s total gross income minus specific deductions. A quick… Read more »