Submitted By: someone
Answered: August 19, 2019 11:58 pm

I have a carryforward of unused charitable contributions from before 2018. How do I handle the carryforward now in light of the 60% limit?

Cash contributions made to charity in 2018 and beyond are deductible up to 60% of adjusted gross income. If you have a carryover of a cash contribution because of the application of the 50% limit that applied prior to 2018, you can use the carryover in 2018 through 2025 up to the 60% limit.

Tax Glossary

Tenancy by the entireties

A joint tenancy in real property in the name of both husband and wife. On the death of one tenant, the survivor receives entire interest.

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