J.K. Lasser's 1001 Deductions and Tax Breaks 2019 by Barbara Weltman

Author:Barbara Weltman
Language: eng
Format: epub
ISBN: 9781119521570
Publisher: Wiley
Published: 2018-10-23T14:30:00+00:00

Example

You donate $100 to your local public broadcasting station during its annual fund drive. You receive a DVD of one of its programs. Your deduction is limited to the donation in excess of the value of the DVD (the station should supply you with this information).

You do not have to reduce your donation by these tokens distributed by the charity in gratitude for your gift:

Items costing no more than $10.80 if your gift is at least $54 in 2018 (these figures are adjusted annually for inflation)

Items worth no more than $2.16 (2% of $108) in 2018, regardless of the amount of your gift

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