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Find out your tax savings and how much you can afford to give. Simply enter the amount you'd like to give and your federal tax bracket (see chart) into the calculator. It will display the net cost of the donation and your tax savings.
| 2011 Federal Income Tax Brackets | ||||
|---|---|---|---|---|
|
Taxable Income
|
||||
| Marginal Tax Rate | Single | Married Filing Jointly or Qualified Widow(er) | Married Filing Separately | Head of Household |
| 10% | Not over $8,500 | Not over $17,000 | Not over $8,500 | Not over $12,150 |
| 15% | $8,500 - $34,500 | $17,000 - $69,000 | $8,500 - $34,500 | $12,150 - $46,250 |
| 25% | $34,500 - $83,600 | $69,000 - $139,350 | $34,500 - $69,675 | $46,250 - $119,400 |
| 28% | $83,600 - $174,400 | $139,350 - $212,300 | $69,675 - $106,150 | $119,400 - $193,350 |
| 33% | $174,400 - $379,150 | $212,300 - $379,150 | $106,675 - $189,575 | $193,350 - $379,150 |
| 35% | Over $379,150 | Over $379,150 | Over $189,575 | Over $379,150 |
In order to gain a tax benefit, you must itemize your deductions. Make sure that when itemized, your total deductions are greater than your standard deduction. If they're not, stick with the standard deduction.
Read the article "Tax Benefits of Giving," by Charity Navigator, to learn more about federal income tax laws as they relate to your charitable giving.

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