What Is the Limit on Non-Cash Contributions on Taxes?
Non-cash contributions to charities are subject to limits based on the types of non-cash contributions that are made, as well as your adjusted gross income, or AGI.
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Appreciated Property Donations
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If you use the fair market value of your property, the deduction limit is 30 percent of your AGI.
Unappreciated Property
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If you use the basis of your property for the value of the deduction, the limit is 50 percent of your AGI.
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Capital Gain Property
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If you are donating property that you would otherwise owe capital gains taxes on, such as stocks that have appreciated, your deduction is limited to 20 percent of your AGI.
What is AGI?
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Your AGI is your taxable income minus any adjustments to income including contributions to a traditional IRA, student loan interest and contributions to health savings accounts.
Excess Contributions
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If your contributions exceed the contribution limits, you can carry over the excess for up to five years. For example, if your contribution was valued at $20,000 but your limit was $10,000, you could deduct the remaining $10,000 the following year.
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