Plain Language of Change:
- The limit for cash contributions is increased to 60% of the taxpayers adjusted gross income (AGI) for tax years 2018 until 2025
- No charitable deduction is allowed for payments to a college or university in exchange for the right to purchase tickets or seating at athletic events
- Contributions of $250 or more for tax year 2017 and after are not allowed unless the donor receives a written acknowledgement from the donee
Detailed Analysis of Charitable Deduction Modifications
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