Charitable Giving Tax Savings Calculator

Calculate the tax benefits of your charitable donations and see the true cost of giving.

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Your Tax Situation

$
$

Charitable Donation

$

Enter the total amount you plan to donate to qualified charitable organizations this year.

Tax Savings Analysis

Tax Without Donation$13,170
Tax With Donation$12,950
Your Marginal Tax Rate22
Tax Savings$220
$4,780
Effective Cost of $5,000 Donation
4%
Tax Savings Rate

Your $5,000 donation will save you $220 in taxes, making the effective cost only $4,780.

How it works›

Model and assumptions. Compares modeled federal income tax before and after the entered charitable deduction and other deductions. Only deductions that change modeled taxable income produce savings. Eligibility, valuation, AGI limits and carryforwards require separate review.IRS Publication 526