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.
Anything above that cannot be deducted in the year you donate. However, you can deduct your excess donations on next year's return. In fact, you can carry forward excess contributions for up to four more years beyond the year you donated. Remember, adjusted gross income isn't your total income.