Sydney, a single taxpayer, had $80,000 in adjusted gross income in year 2. During the year, she
Question:
Sydney, a single taxpayer, had $80,000 in adjusted gross income in year 2. During the year, she contributed $15,000 to her church . She also had a $17,000 contribution carryover from her year 1 church contributions. What is the maximum amount of charitable deduction that Sydney may claim on her year 2 income tax return?
a. $40,000
c. $16,000
b. $32,000
d. $15,000
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Related Book For
South-Western Federal Taxation 2019 Individual Income Taxes
ISBN: 9781337702546
42nd Edition
Authors: James C. Young, William H. Hoffman, William A. Raabe, David M. Maloney, Annette Nellen
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