Welcome to the CalVet website, and thank you for your service! You may register to get information tailored to the personal profile you create or simply browse the site anonymously.elcome to the CalVet website, and thank you for your service! You may register to get information tailored to the personal profile you create or simply browse the site anonymously.
You may deduct a maximum of up to 50% of your adjusted gross income (AGI) (Line 36 on IRS Form 1040) for the tax year the donation was given. However, if you give more than 50%, the excess may be carried forward for up to five years.
Charitable deductions for property donations worth $250 or more also require a written acknowledgment. In any year you take a deduction for non-cash donations, youâll have to prepare Form 8283 with your return.or each cash donation of $250 or more, the IRS also requires you to obtain a written acknowledgment from the recipient organization. However, if you were to donate $50 to your church every Sunday, a written acknowledgment isnât required because no single donation was for $250 or more.