A Charitable Contribution in Excess of the Deduction Limit for One

question 35

True/False

A charitable contribution in excess of the deduction limit for one taxable year can be carried forward five years.

---

Definitions:

Louisville

A city in Kentucky, significant for its historical and contemporary cultural and social contributions.

Seattle

A major city in the Pacific Northwest of the United States, known for its significant technology industry, vibrant music scene, and iconic Space Needle.

Disenfranchised

Refers to individuals who are deprived of the right to vote or other rights of citizenship.

African-American Voters

A term referring to the demographic of United States citizens who are of African-American descent and are eligible to vote in elections.