Before the CARES Act, individuals could typically deduct cash contributions to qualified charities up to 60% of their adjusted gross income (AGI). Therefore, the correct response is:
60%
Prior to the CARES Act, up to what percentage of your income could be deducted as a donation to charity?
(1 point)
Responses
60%
60%
70%
70%
80%
80%
100%
100%
1 answer