In 2010, the U.S. Food and Drug Administration unveiled guidelines for a mandatory menu calorie count to be implemented in March 2011 for all chain restaurants with 20 or more locations. Once these numbers were reported, there was no doubt that most choices at fast-food joints were just unhealthy ones.
Keep Those Records for Cash Donations. It is extremely important to get receipts and keep records for your donations. If you make a cash donation of less than $250, a canceled check or a receipt from the charity showing its name, the amount and the date of the contribution is sufficient.
What you need to know is that cash donations generally have a ceiling of 50% of your AGI. For example, if your AGI for the tax year was $40,000, then your maximum cash donation deduction for the year would be $20,000 (50% of your $40,000 AGI). For capital gain property donations (property held long term or for more than one year), the deduction limit is generally 30% of your AGI.