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Are there any good techniques for a programmer/small business owner to be able to deduct charitable contributions more than 50% of one's adjusted gross income?

Are there any good techniques for a programmer/small business owner to be able to deduct charitable contributions more than 50% of one's adjusted gross income? > From http://www.irs.gov/Charities-&-Non-Profits/Charitable-Organizations/Charitable-Contribution-Deductions http://www.irs.gov/Charities-&-Non-Profits/Charitable-Organi... Generally, you may deduct up to 50 percent of your adjusted gross income, but 20 percent and 30 percent limitations apply in some cases.

rancar2 12y ago
To make things easy, use a donor-advised fund to meet your 50% of AGI. Thereafter, use retirement accounts. If you are a small business owner, check out SEP-IRAs.
cbr 12y ago
Looking at http://www.irs.gov/publications/p542/ar02.html http://www.irs.gov/publications/p542/ar02.html I see: Cash contributions: A corporation must maintain a record of any contribution of cash, check, or other monetary contribution, regardless of the amount. The record can be a bank record, receipt, letter, or other written communication from the donee indicating the name of the organization, the date of the contribution, and the amount of the contribution. Keep the record of the contribution with the other corporate records. Do not attach the records to the corporation's return. For more information on cash contributions, see Publication 526. So it looks like your small business could make the donation, which would then not be taxed. But I don't really know, you probably should ask a tax lawyer.