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Problem $16-50($LO $16-2)($Static$)$

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In $2024,$ OCC Corporation made a charitable donation of $$400,000$ to the International Rescue Committee $($a qualifying charity$).$ For the year, OCC reported taxable income of $$1,500,000$ before deducting any charitable contributions, before deducting its $$20,000$ dividends$-$received deduction, and before deducting its $$40,000$ NOL carryover from last year.

Problem $16-50$ Part a $($Static$)$

a$.$ What amount of the $$400,000$ donation is OCC allowed to deduct for tax purposes in $2024,$ what is the carryover to $2025,$ and when does the carryover expire?