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* * * * * * * Scenario 2 : Impact of Large Charitable Donations Wages: Emily ( $ 9 2 , 0 0 0

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Scenario 2: Impact of Large Charitable Donations
Wages: Emily ($92,000)
Qualified Business Income: None
Itemized Deductions: $12,000(before charitable giving)
Large Charitable Donation: $30,000(cash)
Allowable deduction for self-employment tax: $0
Calculate AGI and taxable income. Explore:
Are there limitations on how much of the donation can be deducted in the current year?
Are there strategies to m
***This question already posted and received correct answer. Kindly Don't answer this question again. If you answer i will give 19 dislikes.****aximize the tax benefit of this donation over multiple years?

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