For charitable gifts of cash, the IRS allows you to claim up to 50% of your adjusted gross income ("AGI"). You may carry the unused portion of the deduction for any of the next five years.

For charitable gifts of appreciated assets, you receive a gift credit and immediate income tax deduction for the full fair market value of the securities on the gift date, regardless of the amount you paid for them. You may deduct up to only 30% of AGI in any one year, although you may carry the unused portion of the deduction for any of the next five years.

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