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When taxpayers donate cash and capital gain property to a public charity, the AGI percentage limitation is applied in the following order in 2022:
When taxpayers donate cash and capital gain property to a public charity, the AGI percentage limitation is applied in the following order in 2022: Multiple Choice there is a 60 percent of AGI limit applied to the cash donation and a 20 percent of AGI limitation is applied to the fair market value of the capital gain donation. donations to public charities are not subject to AGI limitations. there is a 60 percent of AGI limit applied to the cash donation and the fair market value of the capital gain donation is subject to the lesser of a 30 percent of AGI limitation or a 50 percent of AGI limitation after subtracting the cash contributions. a 30 percent of AGI limitation is applied to the cash donation and a 20 percent of AGI limitation is applied to the fair market value of the capital gain donation. a 30 percent of AGI limitation is applied to the aggregate donation.
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