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.
Donation Limitations. The limitations on how much you can write off on your taxes for charitable contributions are very high: Your total charitable deduction for the year can't exceed 50 percent of your adjusted gross income. For example, if your AGI is $45,000, you can't deduct more than $22,500 for all your charitable contributions put together. However, to claim the charitable donation deduction, you must itemize your deductions, which means your total deductions must exceed the standard deduction you are entitled to.