Gifts of Cash

You may deduct a cash gift for income tax purposes only in the year in which you contribute it. Payments toward a pledge are deductible in the year they are made. Cash gifts are deductible up to 50 percent of your adjusted gross income for the taxable year. Any excess is deductible over the next 5 years.

For more information, contact us by e-mail at oprsfco@corp.oprs.org or call 1-800-686-7800.