& jobs act enhanced the deduction for charitable contributions by raising the limit that can be contributed in any one year. the limit is now 60% of adjusted gross income (agi), up from 50%. assume your client still has a charitable deduction limitation due to their agi. the client might lose the charitable deduction because of achieving this limitation. recommend at least two tax planning strategies to avoid losing the deductions. provide support for your response.
& jobs act enhanced the deduction for charitable contributions by raising the limit that can be contributed in any one year. the limit is now 60% of adjusted gross income (agi), up from 50%. assume your client still has a charitable deduction limitation due to their agi. the client might lose the charitable deduction because of achieving this limitation. recommend at least two tax planning strategies to avoid losing the deductions. provide support for your response.
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 38P
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the tax cuts & jobs act enhanced the deduction for charitable contributions by raising the limit that can be contributed in any one year. the limit is now 60% of adjusted gross income (agi), up from 50%. assume your client still has a charitable deduction limitation due to their agi. the client might lose the charitable deduction because of achieving this limitation. recommend at least two tax planning strategies to avoid losing the deductions. provide support for your response.
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