Charitable Donation Tax Deduction Calculator
Donating to qualified charities can lower your taxable income if you itemize deductions. This calculator estimates your potential tax savings based on your marginal tax rate, total donations, and IRS AGI-based deduction limits for cash gifts.
About this calculator
Estimate how much your charitable donations could reduce your tax bill based on your tax bracket, filing status, and total giving.
Frequently Asked Questions
Do I need to itemize to deduct donations?
Yes, in most cases you can only deduct charitable donations if you itemize deductions on Schedule A instead of taking the standard deduction, so your total itemized deductions need to exceed the standard deduction to benefit.
Is there a limit to how much I can deduct?
Cash donations to public charities are generally limited to 60% of your adjusted gross income (AGI) in a given year; amounts above that can typically be carried forward for up to five years.
Does this calculator account for non-cash donations?
No, this estimate assumes cash donations. Non-cash gifts like stock or property have different AGI limits (often 30% or 50%) and valuation rules.