During 2010, Eric gave $260 to his church for which he received a written acknowledgement. He also

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During 2010, Eric gave $260 to his church for which he received a written acknowledgement. He also has receipts for $75 given to the Boy Scouts of America and $125 given to the Mexican Red Cross. Eric gave the Salvation Army old clothes worth $150 (original cost $1,700). Last year Eric had a large contribution and could not deduct $800 of it due to the 50 percent limitation. This year Eric’s adjusted gross income is $21,325. Use the Gifts to Charity section of Schedule A below to calculate Eric’s deduction for the current year.

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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