What is the adjusted gross income limit for cash contributions to a public charity which qualifies as a 501(c)3 organization?

For cash contributions made to a public charity that qualifies as a 501(c)(3) organization, the adjusted gross income (AGI) limit is set at 60%. This means that individuals can deduct cash contributions up to 60% of their AGI when filing their tax returns, providing a significant incentive for philanthropic giving.

This higher limit reflects the intention of the tax code to encourage donations to public charities, allowing taxpayers to benefit from increased deductibility for their contributions, which ultimately supports charitable causes. Understanding this limit is crucial for tax planning, as it enables taxpayers to maximize their charitable deductions while remaining compliant with IRS regulations.

Other options are lower percentage limits for specific types of contributions or different types of organizations, which do not apply in this situation.