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Office Officer State Since Senate Majority Leader: John Thune: SD: January 3, 2025 Party leader since January 3, 2025: Senate Majority Whip: John Barrasso
If a donor is contributing property that would have yielded a long-term capital gain in a sale, then the deduction for the contribution is limited to 30% of donor's adjusted gross income in the year of donation if the donee is a public charity, and limited to 20% if the donee is a private foundation. Contributions over the respective AGI ...
The limit for donations of appreciated assets, for example, is 30% of your AGI. This is why working with a tax professional is especially important if you plan on making significant charitable ...
California elects United States senators to class 1 and class 3. The state has been represented by 48 people in the Senate since it was admitted to the Union on September 9, 1850. Its U.S. senators are Democrats Alex Padilla and Adam Schiff. Dianne Feinstein was the state's longest serving senator, who served from 1992 until her death in 2023.
California: House Yes 114.7 12 John Hoeven: Republican North Dakota: Senate Yes 93.4 13 Suzan DelBene: Democratic Washington: House Yes 79.4 14 Fred Upton: Republican Michigan House No 79.0 15 Ron Johnson: Republican Wisconsin: Senate Yes 78.5 16 Roger Williams: Republican Texas: House Yes 67.0 17 Buddy Carter: Republican Georgia: House Yes 66. ...
However, both the $100,000 charitable donation limit and the $50,000 charitable gift annuity limit adjust for inflation after 2023. The annuity is backed by the assets of the charity.
The IRS has an official list of organizations that are considered qualified charities in Publication 78, and only donations to those organizations can be deducted on your taxes.
California's current congressional delegation in the 119th Congress consists of its two senators, both of whom are Democrats, and its 52 representatives: 43 Democrats and 9 Republicans. The current dean of the California delegation is former Speaker of the House Nancy Pelosi of the 11th district, having served in the House since 1987.