Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If the donor does not have enough tax liability in the tax year the contribution is made, can the credits be used on subsequent tax returns?

contribution Credits donor liability tax tax returns Used year
0
Posted

If the donor does not have enough tax liability in the tax year the contribution is made, can the credits be used on subsequent tax returns?

0 CommentsAdd a Comment

1 Answer

0

A. Yes. The contributor has the tax year the contribution was given and five succeeding tax periods in which to use the credits.

0 CommentsAdd a Comment
What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123