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.
Even if you give all your income to charity, you can't claim a 100 percent tax deduction. The IRS has multiple rules limiting how much of your charitable donations you can deduct. If you're donating 20 percent of your adjusted gross income or less, don't worry: The rules don't kick in unless you're donating at least 30 percent.