Skip links

Planning for Charitable Giving by High-Income Taxpayers

By Sidney Kess, James R. Grimaldi, and James A.J. Revels
CPA Journal
November 2017 Issue

For 2015, the most recent year for which statistics are available, the average charitable contribution deduction for those with adjusted gross income (AGI) of $200,000–$250,000 was $11,370 (Statistics of Income Bulletin, Spring 2017, For those with AGI of $250,000 or more, the average deduction was $16,580. For those who might be looking at their 2017 charitable giving in preparation for the upcoming filing season, here are some of the tax rules in place now and planning opportunities for the rest of the year.


Published with permission from the CPA Journal.

Click here for the full article.