famon had AGt of \$149,000 in 2023, He is considering making a charitable contribution this vear to the American Heart Association, a quallied charitable organiration. Determine the curtent allowable charitabe contibution deduction in each of the following independerit situations, and indicate the treatrent for any ampunt that is not dedoctiole currently. Identify arry planning ideas to minimize Ramon's tax Hability. a. A cash gitt of $74,500. In the current yeat, Ramon may deduct s since his charitable contribution is linited to reectiac: My Won: A charitable contribution is defined as a gift made to a qualifled oroanlzabion. The petential charitable contribution deduction is the total of all donations, both money and property, that equalfy for the deduction. b. A gitt of QakCo stock worth $74,500 on the contribution dake. famon had accuired the stock as an imestment two rears ago at a colt of $67,050. The atocks value for determining the contribution is 4 . The deduction for 2024 is 3 . The remaining years. correct C. A oift of a paintiry warth 574,500 that Ramen purchased three vears ago for 367,050 . The charity has indicated that it inocld bell the palinging to generate cash to fund medical research. The conthbution is valuet at : The amount deducbole in the current vearla 1 x d. Ramon has decided to make a cash gift to the American Heart Association of $104,300. However, he is considering delaying his gift until 2024 when his AG! will increase to $300,000 and he will be in the 32% income tax bracket, an increase from his 2023 income tax bracket of 24%. Assume a 6% discount rate. The present value factors, at a 6% discount rate, are as follows: If required, round your final answers to the nearest dollar. Ramon asks you to determine the tax savinos from the tax deduction in present value terms if he were to make the gitt in 2023 rather than delay the gift until 2024 . Total present value of tax savings from the tax deduction if made this year: 1 x Total present value of tax savings from the tax deduction if made next year:s x