Also known as Cardiac Catheter Ablation Catheter ablation is a procedure that uses energy to make small scars in your heart tissue to prevent abnormal electrical signals from moving through your heart.
Gifts of capital gain property generally are limited to either 30% or 20% of AGI, depending on the donee. The only way to apply the 50% limitation to a gift of capital gain property is to elect to take a reduced charitable contribution (i.e., deduct the propertyâs tax basis instead of its FMV).
The following limitations apply to these deductions: 1  Your organization must be a qualified, IRS-recognized charity. 2  In order to take these deductions, volunteers must itemize their deductions on their tax return.  Volunteers cannot double-dip by claiming expenses for which the nonprofit already reimbursed them.