Question

Why are my charitable donations deductions being capped at 30% of AGI when the charity I am donating to is not one of the 30% charities?

Forum|Forum|1 year ago
March 27, 2025
1 reply
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I made large donations to charities like Goodwill and Salvation army both of which are typically capped at 50% of AGI but turbo tax is capping it at 30% of AGI and I can't understand why.

SteamTrain

(Removed: I'm not really sure of some of the things I commented on. Yeah, there can be some 30% AGI limits applied if it is not actually CASH that you donated)).

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

B

BrennanhillAuthor

Thanks for the response, however I'm still confused. Last year I had a very similar financial situation where I donated a large amount to those same charities and I was able to deduct the full amount which ended up as 45% of my AGI. I don't understand what's different this year... very frustrating.

T

ThomasM125

The 30% limit applies to investments that appreciate in value, such as stocks, you need to make sure you picked the correct category when you entered the contributions:

If you contributed items, you need to make sure you checked the proper box on the screen that says Choose a category for this donation. Again, things that appreciate in value will have the 30% of adjusted gross income limitation: