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← Lesson
Philanthropy and Community: Giving as a Financial and Personal Strategy
Question 1 of 7
Multiple choice
Which statement describes the federal deduction for qualifying charitable cash gifts in tax year 2026?
Every donation is fully deductible with no limits
Itemizers may claim qualifying gifts, and non-itemizers may claim a limited deduction of up to $1,000 or $2,000 on a joint return
Only donations over $1,000 qualify
Gifts made directly to individuals qualify automatically
Check answer