How much can Kaya claim as deductible cash contributions after making various donations?

Prepare for the Intuit Academy Tax Level 1 Exam. Study with flashcards and multiple choice questions, each question includes hints and explanations. Ace your exam and advance your tax knowledge!

To determine how much Kaya can claim as deductible cash contributions, it is important to understand the IRS rules regarding charitable donations. Generally, cash contributions made to qualifying organizations are fully deductible, provided they meet certain conditions.

In Kaya's case, if she made various cash donations amounting to $800, this represents the total of her eligible contributions for which she can claim a deduction. This total likely reflects donations made to qualified charitable organizations, and Kaya would need to ensure she has the necessary documentation, such as receipts or bank records, to substantiate her claims when filing her tax return.

The other amounts listed in the choices may either reflect donations that do not qualify for deduction, contributions made above or below what is actually eligible to be claimed, or a misunderstanding of the total contributions made by Kaya. Therefore, $800 is the accurate figure she can report as deductible cash contributions on her tax return.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy