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.
Every dollar you donate to a registered charity becomes a deduction on your taxes, just like a standard deduction. Letâs say the person above donates $5,000 to his church (a 10% tithe) and $2,000 to Doctors Without Borders and another $2,000 to Lâarche Tahoma Hope.Thatâs a total of $9,000 in charitable donations.very dollar you donate to a registered charity becomes a deduction on your taxes, just like a standard deduction. Letâs say the person above donates $5,000 to his church (a 10% tithe) and $2,000 to Doctors Without Borders and another $2,000 to Lâarche Tahoma Hope.