Contributions to Public Charities in Excess of 50% of AGI

question 66

True/False

Contributions to public charities in excess of 50% of AGI may be carried back 3 years or forward for up to 5 years.

---

Definitions:

Herniated Intervertebral Disk

A condition where the soft center of a spinal disk pushes through a tear in the tougher exterior casing, often causing pain and nerve irritation.

Hyporeflexia

A condition characterized by below-normal or absent reflexes, which can be indicative of peripheral nervous system damage.

Babinski Sign

A reflex action of the toes, where they fan out when the sole of the foot is stimulated, indicating possible neurological damage.

Cerebral Cortex

The outer layer of the cerebrum, involved in various high-level functions such as sensation, voluntary muscle movement, thought, reasoning, and memory.