Melinda is itemizing deductions on her federal income tax return. her agi was $295,420 last year, and she contributed $148,160 to charity. if charitable contributions are deductible up to 50% of a taxpayer's agi, how much can melinda deduct for charitable contributions?

$147,710

Step-by-step explanation:

Given: Last year Melinda's  AGI = $295,420

The amount she contributed to charity = $148,160

If charitable contributions are deductible up to 50% of a taxpayer's AGI, then the amount she could deduct for charitable contributions is given by :-

Hence, the amount  she could deduct for charitable contributions = $147,710