Dr. Mark Day, a very charitable dentist, donates his time and money to several local charities. During 2022, he gave $6,000 in cash to Habitat for Humanity and stock worth $9,000 to his church. His basis in the stock was only $4,000. He also volunteered at a local not-for-profit clinic for approximately 120 hours which he values at $2,400. Assuming AGI limitations are not an issue, how much can Dr. Day deduct as a charitable contribution?

Answer rating: 100% (QA)

Dr Day can deduct the cash contribution of 6000 to Habitat for Humanity and t... View the full answer