Use 2023 tax rules. Read through the following items and determine what the taxable income is. For any amount that is not taxable or tax deductible explain why it is not. I contributed a lot of money to charity this year (and have receipt documentation for all contributions). I'm such a nice guy! I gave $1,000 in cash to the March of Dimes. I contributed some of my old furniture to the church. It was some good stuff! I contributed a red velvet couch and my old recliner. The furniture is considered vintage and is worth $7,000 today (the appraiser surprised me!), even though I only paid $500 for it back in the day. When I contributed the furniture, the pastor said he didn't like the fabric and was going to sell the furniture to pay for some more pews in the church. Oh well, some people just have no taste, right? Roca Cola had a charity drive for the United Way this year and I contributed $180 total for the whole year. Turns out, I don't even miss it because Roca Cola takes it right off my paycheck every month. Oh, one other bit of charity from me this year. An old buddy of mine was down on his luck. He lost his job and his house. I gave him $500 to help him out.identify type of deductions are they: gross taxable income, for AGI deductions or from AGI deductions