Charitable Deduction Calculator
Calculate the tax savings from charitable donations based on your marginal tax bracket.
Tax Savings
$1,100
Tax Savings vs Marginal Tax Rate
公式
## Charitable Deduction Tax Savings **Tax Savings = Donation x Marginal Tax Rate** **Net Cost = Donation x (1 - Tax Rate)** Charitable donations are deductible only if you itemize. They must be to qualified 501(c)(3) organizations.
计算示例
$5,000 donation at 22% marginal rate.
- 01Tax savings = $5,000 x 22% = $1,100
- 02Net cost = $5,000 - $1,100 = $3,900
常见问题
Do I need to itemize to deduct donations?
Yes, for most tax years you must itemize deductions to claim charitable contributions. The temporary above-the-line deduction for non-itemizers expired.
What is the donation limit?
Cash donations are generally deductible up to 60% of your adjusted gross income. Appreciated asset donations are limited to 30% of AGI.
Can I donate appreciated stock?
Yes, and it is very tax-efficient. You avoid capital gains tax on the appreciation and still deduct the full fair market value.
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