A single taxpayer with an $80,020 adjusted gross income in year two has contributed $15,000 to her church. She also has a carryover contribution of $16,000 from year 1 church contributions. What would be the maximum she can claim in year 2 for a charitable deduction on her income tax?

Answer rating: 100% (QA)

The tax that a person is obligated to pay on the income earned throughout the ye... View the full answer