Charitable Contributions That Exceed the Percentage Limitations for the Current

question 40

True/False

Charitable contributions that exceed the percentage limitations for the current year can be carried over for up to three years.

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Definitions:

Economic Deprivation

A condition characterized by a lack of financial resources and access to basic needs.

Status

The relative social, professional, or other standing of someone or something.

OxyContin

A brand name for oxycodone, a powerful prescription opioid pain medication that is often abused.

Cigarette Smoking

The act of inhaling and exhaling the smoke of burning tobacco encased in cigarettes, known to cause health issues including respiratory disorders and cancer.