How do tax deductions work with charitable donations?

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Need wallet.org says “In general, you can deduct up to 60% of your adjusted gross income via charitable donations, but you may be limited to 20%, 30% or 50% depending on the type of contribution and the organization.” but I don’t know what those words mean 😆

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Anonymous 0 Comments

It’s only if you itemize your deductions. If you don’t have $12k of other deductions, ignore it.
Most don’t.

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