What are the restrictions on deducting charitable contributions?

What are the restrictions on deducting charitable contributions?

Steve Duben, CPA (Partner, Duben & Natividad) gives expert video advice on: What is a "deduction"?; What is a "standard deduction" and how much is it?; What is an "itemized deduction"? and more...

If you're looking at charitable contributions and wondering how much you can write off for a charity, the tax law allows you to write off 50% of your adjusted gross income as charitable contribution, which is the number that will appear at the bottom of the front page of the 1040. The likelihood that you're going to get to that 50% charitable contribution limit is highly unusual, but it's available if you want it.