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Charitable Giving Calculator

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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.

Donation: Tax Rate %: Net Cost of Donation: 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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