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.
1 Gift-Giving is Not a Deduction â Making a gift does not ordinarily affect your federal income tax. You cannot deduct the value of the gifts you make (other than deductible charitable contributions).  Non-Taxable Gifts â The general rule is that any gift is a taxable gift. However, there are many exceptions.