In 2021, Jon makes the following donations: a. $10,000 cash to his church b. $500 check to the Guayaquil Soup Kitchen, a charity based in Ecuador c. 100 shares of stock with a fair market value of $11,000 and a cost basis of $2,000 to a local university d. $1,500 to Rhode Island State University (his alma mater) for the right to purchase season tickets to the Fightin' Nutmeggers basketball games e. $3,200 cash to the Stonecutters, a fraternal benefit society (not a 50-percent charitable organization) Enter all amounts as positive numbers. Jon's 2021 AGI is $28,000. Use Worksheet 2 to determine the charitable contribution deduction. Worksheet 2. Applying the Deduction Limits Caution: Don't use this worksheet to figure the contributions you can deduct this year if you have a carryover of a charitable contribution from an earlier year. Step 1. Enter any qualified conservation contributions (QCCs) made during the year. 1. If you are a qualified farmer or rancher, enter any QCCs subject to the limit based on 100% of adjusted gross income (AGI).... 2. Enter any QCCs not entered on line 1 . . 1 2 Step 2. Enter your other charitable contributions made during the year. 3. Enter cash contributions that you elect to treat as qualified contributions plus cash contributions payable for relief efforts in qualified disaster areas that you elected to treat as qualified contributions. Don't include this amount on line 4 below. . . . 3 4. Enter your contributions of capital gain property "for the use of" any qualified organization ... 4 5. Enter your other contributions "for the use of" any qualified organization. Don't include any contributions you entered on a previous line. . . . 5 6. Enter your contributions of capital gain property to qualified organizations that aren't 50% limit organizations. Don't include any contributions you entered on a previous line. . . . 7. 6 Enter your other contributions to qualified organizations that aren't 50% limit organizations. Don't include any contributions you entered on a previous line. . . . 7 8. Enter your contributions of capital gain property to 50% limit organizations deducted at fair market value. Don't include any contributions you entered on a previous line . . . . 8 9. Enter your noncash contributions to 50% limit organizations other than capital gain property you deducted at fair market value. Be sure to include contributions of capital gain property to 50% limit organizations if you reduced the property's fair market value. Don't include any contributions you entered on a previous line. . . . 10. Enter your cash contributions to 50% limit organizations that you elected not to treat as qualified contributions. Don't include any contributions you entered on a previous line . . . . Step 3. Figure your deduction for the year (if any result is zero or less, enter -0-) 11. Enter your adjusted gross income (AGI) Cash contributions subject to the limit based on 60% of AGI (If line 10 is zero, enter -0- on lines 12 through 14.) 12. Multiply line 11 by 0.6.. 13. Deductible amount. Enter the smaller of line 10 or line 12. . 14. Carryover. Subtract line 13 from line 10 . . . . Noncash contributions subject to the limit based on 50% of AGI (If line 9 is zero, enter -0- on lines 15 through 18.) 12 13 14 9 10 15. Multiply line 11 by 0.5... 16. Subtract line 13 from line 15... 17. Deductible amount. Enter the smaller of line 9 or line 16. . . . 18. Carryover. Subtract line 17 from line 9. 15 16 17 18 11 28,000 19. Multiply line 11 by 0.5. 20. Add lines 8, 9, and 10. . . 21. Subtract line 20 from line 19 . . . 22. Multiply line 11 by 0.3... 19 14,000 20 21 22 8,400 23. Add lines 5 and 7 . . . . . 23 24. Deductible amount. Enter the smallest of line 21, 22, or 23. 24 25. Carryover. Subtract line 24 from line 23. . . . 25 Contributions of capital gain property subject to limit based on 30% of AGI (If line 8 is zero, enter -0- on lines 26 through 31.) 26. Multiply line 11 by 0.5. . 26 14,000 27. Add lines 9 and 10 . . . 27 28. Subtract line 27 from line 26... 28 29. Multiply line 11 by 0.3... 29 8,400 30. Deductible amount. Enter the smallest of line 8, 28, or 29. 30 31. Carryover. Subtract line 30 from line 8. . . 31 Contributions subject to the limit based on 20% of AGI (If lines 4 and 6 are both zero, enter -0- on lines 32 through 41.) 32. Multiply line 11 by 0.5.... 33. Add lines 13, 17, 24, and 30. 34. Subtract line 33 from line 32 . . . . 32 33 34 Worksheet 2-continued QCCs subject to limit based on 100% of AGI (If line 1 is zero, enter -0- on lines 47 through 51.) 47. Enter the amount from line 11.... 48. Add lines 13, 17, 24, 30, 40, and 45. 47 48 49. Subtract line 48 from line 47 ... 49 50. Deductible amount. Enter the smaller of line 1 or line 49. 50 51. Carryover. Subtract line 50 from line 1. . . . . 51 Qualified cash contributions for 2021 and qualified contributions for certain disaster relief efforts (If line 3 is zero, enter -0- on lines 52 through 56.) 52. Enter the amount from line 11. . . . 52 28,000 53 54 55 56 53. Add lines 13, 17, 24, 30, 40, 45, and 50 . . 54. Subtract line 53 from line 52 ..... 55. Deductible amount. Enter the smaller of line 3 or line 54. 56. Carryover. Subtract line 55 from line 3. Deduction for the year 57. Add lines 13, 17, 24, 30, 40, 45, 50, and 55. Enter the total here and include the deductible amounts on Schedule A (Form 1040), line 11 or line 12, whichever is appropriate. Also, enter the amount from line 55 on the dotted line next to the line 11 entry space 552 57 entry space. Note. Any amounts in the carryover column are not deductible this year but can be carried over to next year. See Carryovers, later, for more information about how you will use them next year. Feedback 57 Check My Work To encourage individuals to be socially responsible, the Internal Revenue Code allows a deduction for charitable contributions. To be deductible, the donation must be made in cash or property; the value of free use of the taxpayer's property by the charitable organization does not qualify. In addi out-of-pocket expenses related to qualified charitable activities are deductible as charitable contributions. If cash is donated, the deduction is equal to the amount of the cash. For donated property other than cash, the general rule is that the deduction is to the fair market value of the property at the time of the donation. Generally, a taxpayer may not deduct total contributions in excess of 50 percen the taxpayer's adjusted gross income. In general, any contributions not allowed due to the adjusted gross income limitations may be carried forwar 5 years. Use the Gifts to Charity section of Schedule A below to report the charitable contribution deduction for the current year. Gifts to Charity Caution: If you 11 Gifts by cash or check. If you made any gift of $250 or more, see instructions . . . . . . . . . Worksheet 2 $10,000 11 made a gift and 12 Other than by cash or check. If you made any gift of $250 or more, see instructions. You must attach Form 8283 if over $500. . . . 12 got a benefit for it, see instructions. 13 Carryover from prior year. 13 14 Add lines 11 through 13. 14