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.
Deduction Limits. You may not deduct donations to schools or any other charities if you take the standard deduction. There are additional limits on the percentage of your adjusted gross income that a deduction can eliminate if you chose to itemize your deductions.or the purpose of tax deductions, donations to educational facilities are treated the same way as donations to other charities.