>>In the aftermath of Hurricanes Katarina and Rita our
investment club voted to send a donation to Habitat for
Humanity. How do I enter this expense. Under deductible
charitable expenses, it has 30% Limit Organization and 50%
Limit Organization. What do they mean? Do I pick one of
them? If not, what are my other options?

You could contact Habitat for Humanity and ask them, but I suspect they are
a 50% limit organization. You can also check IRS Pub. 78. What this means is
that the deduction for contributions to charitable organizations is limited
to either 50% or 30% of the taxpayer's AGI. Most charitable organizations are
50% organizations. Private foundations and fraternal organizations are 30%
organizations.
 
Ira Smilovitz