Charitable Deduction
TaxesA tax deduction for donations to qualifying nonprofit organizations, available only when itemizing deductions.
Example
Example: On a $75,000 salary, understanding charitable deduction could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how charitable deduction works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.