Charitable Contribution Carryover: Definition & Example


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question 1 of 3

If your adjusted gross income (AGI) for 2017 is $35,000, and you have made charitable contributions of $19,000, how much can be carried over to 2018 taxes (assuming you have no other carryover deductions)?

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1. How long can you carry over charitable contributions?

2. You have $7,500 in charitable contributions that were carried over from 2015 to 2016. In 2016 your AGI was $75,000 and you made $20,000 in charitable contributions. How much of the $7,500 should be carried over to 2017?

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About This Quiz & Worksheet

See what you understand about charitable donation carryover via these easy-to-use study materials. You'll be required to have a grasp on key topics like the carryover of charitable contributions once your adjusted gross income has been calculated and the length of time those contributions can be carried over.

Quiz & Worksheet Goals

You'll be assessed on these areas of study:

  • Solving a sample problem involving an amount of charitable contributions that were previously carried over and what remains for next year
  • The most common limit for deducting charitable contributions
  • Charitable contributions carried over in 2010 and how that amount would related to 2016 tax filings

Skills Practiced

  • Problem solving - use acquired knowledge to solve charitable donation carryover practice problems
  • Critical thinking - apply relevant concepts to examine information about tax deductions in a different light
  • Knowledge application - use your knowledge to answer questions about the common limit for carrying over charitable contributions and how long contributions are allowed to be carried over

Additional Learning

Find out more about this part of filing your taxes with the accompanying lesson called Charitable Contribution Carryover: Definition & Example. You'll be discussing these key points:

  • Definition of a carryover with regard to taxes
  • Adjusted gross income (AGI) and what it represents
  • Examples of charitable carryover scenarios