Exchange Currency

charitable contribution carryovers

Deductions for charitable contributions that a taxpayer has carried over from a previous year. Taxpayers are allowed to deduct no more than a certain percentage of their adjusted gross income for charitable contributions. However, a taxpayer can carry over amounts that exceed the limit to the following years. Contributions can be carried over for no longer than five years.

Related information about charitable contribution carryovers:
  1. What is charitable contribution carryovers? definition and meaning
    Definition of charitable contribution carryovers: Deductions for charitable contributions that a taxpayer has carried over from a previous year. Taxpayers are ...
     
  2. Charitable contribution carryovers in certain acquisitions.
    Apr 1, 2012 ... (b) Manner of computing excess charitable contribution carryovers. (1) The amount of any charitable contribution made by a distributor or ...
     
  3. 201226021 - Internal Revenue Service
    Jun 29, 2012 ... allowed as charitable contribution carryovers, the deductions may produce a double tax benefit first by reducing the amount of NOL carryover ...
     
  4. § 1.381(c)(19)-1 Charitable contribution carryovers in certain - Justia
    (b) Manner of computing excess charitable contribution carryovers. (1) The amount of any charitable contribution made by a distributor or transferor corporation ...
     
  5. tax carryovers - American Academy of Matrimonial Lawyers
    choose to ignore the possible value inherent in capital loss carry- overs, charitable contribution carryovers, and passive loss carry- overs due to complications in ...
     
  6. Death of a Loved One | Shaneybrook & Associates, Inc.
    Charitable Contributions - As noted previously, charitable contribution carryovers are lost if not used on the final return. The fair market value of property of an ...
     
  7. 26 CFR 1.1502-24 - Consolidated charitable contributions deduction ...
    The consolidated charitable contribution carryovers to any consolidated return year shall consist of any excess consolidated charitable contributions of the group ...
     
  8. Chapter 4 Notes
    NOL carryovers, charitable contribution carryovers, and capital loss carryovers that reduce TI for the current year. These losses or excess deductions reduce ...