If a taxpayer has an adjusted gross income (AGI) of $75,000, donates

$20,000 to charity, and itemizes deductions on his federal income tax return,

how much of the charitable donation is deductible?

O A. None of the donation is deductible.

B. $20,000

O c. $10,000

O D. $5000

Question

Dallas Craig

27 August, 17:07

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Answers (1)

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Cobweb · Answer 1

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Step-by-step explanation:

Usually, if you itemize on your tax return, about 50% of your charitable donations are tax-deductible.

If a taxpayer has an adjusted gross income (AGI) of $75,000, donates$20,000 to charity, and itemizes deductions on his federal income tax return,how much of the charitable donation is deductible?O A. None of the donation is deductible.B. $20,000O c. $10,000O D. $5000