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.
An organization must be tax-exempt in order for donations to qualify as tax deductible. Large donations of clothing may be tax-deductible. Money given to charities is usually tax deductible. School supplies donated in bulk may count as a tax-deductible donation.Donations which benefit the giver, such as a donation in exchange for raffle tickets, are not tax deductible.01(c)(3) Organizations. Donations to Internal Revenue Code 501(c)(3) organizations are usually tax deductible. These groups include public charities, private foundations and private operating foundations. In such cases, a person is allowed to deduct donations that amount to 50% or less of his adjusted gross income.