Jade is single, 45 years old, has AGI of $32,000, and made the following charitable contributions during 2022: cash to various qualified charities $2,000; clothing at thrift shop value to Goodwill $300; publicly traded stock purchased 5 years ago for $300 and now worth $10,000; and an old Honda, which was still in good condition, to a local public broadcasting station. Jade received a notice from the station that they had sold the car for $1,500, but Jade thought it was worth $4,000. What is Jade's charitable contribution deduction for 2022?

Answer rating: 100% (QA)

To determine Jades charitable contribution deduction for 2022 we need to consider the different types of contributions she made and the specific rules ... View the full answer