Based on his transactions during the year, Morgan's potential deduction is $55,500.
The question asks about the potential deductions if percentage limitations are ignored.
If percentage limitations were not applied, Morgan would be able to deduct all the donations to his church as the church is a not for profit organization.
The potential deduction is therefore:
= 5,500 + 50,000
= $55,500
In conclusion, the potential deduction is $55,000.
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