Excess Charitable Contributions That Come Under the 30%-Of-AGI Ceiling Are

question 89

True/False

Excess charitable contributions that come under the 30%-of-AGI ceiling are always subject to the 30%-of-AGI
ceiling in the carryover year.

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Definitions:

Equivalent

Equal in value, function, or meaning.

Paid Today

A financial transaction or settlement completed on the current date.

Paid

The state of having been transferred money in exchange for goods or services.

Economic Value

A measure of the worth of goods or services based on their ability to fulfill needs or desires.