Answer:
Prior to the CARES Act, individuals who itemized their deductions could deduct up to 60% of their adjusted gross income (AGI) for cash contributions to qualifying charities. The limit was 50% of AGI for gifts (other than gifts of appreciated property) to public charities before the Tax Cuts and Jobs Act (TCJA) increased it to 60% through 2025 for cash contributions.
Step-by-step explanation: