Charitable Tax Deduction Calculator

Calculate the tax savings from charitable donations including federal and state deductions, effective cost, and bunching strategies.

Donation Amount ($)

Federal Tax Bracket (%)

Itemizing Deductions (1=Yes, 0=No)

State Tax Rate (%)

Tab to move between fields

Total Tax Savings

$1,450.00

≈ 11 pairs of sneakers

Effective Cost of Donation

$3,550.00

≈ 4 smartphones

Federal Tax Savings$1,200.00

State Tax Savings$250.00

Percent Saved29%

Effective Cost Ratio71%

Bunched (2yr) Savings$2,400.00

Above The Line Benefit0

How to Use This Calculator

Enter Donation Amount ($), Federal Tax Bracket (%), and Itemizing Deductions (1=Yes, 0=No).
Set State Tax Rate (%).
Review Total Tax Savings ($) and Effective Cost of Donation ($).
Use Federal Tax Savings ($) and State Tax Savings ($) to inform your decision.
Use the chart to visualize the results and explore different scenarios by adjusting inputs.

How the result changes with Donation Amount ($)

Donation Amount ($): Total charitable donation amount for the tax year
Federal Tax Bracket (%): Your marginal federal income tax rate (10%, 12%, 22%, 24%, 32%, 35%, 37%)
Itemizing Deductions (1=Yes, 0=No): Must itemize (not take standard deduction) to claim charitable deduction
State Tax Rate (%): State income tax rate (0% if in a no-income-tax state)

Identify Input Parameters
4 parameters
Donation Amount ($) = 5000, Federal Tax Bracket (%) = 24, Itemizing Deductions (1=Yes, 0=No) = 1, State Tax Rate (%) = 5 = 4 input(s) provided
Calculate Total Tax Savings
Total Tax Savings
1450 = $1,450
Calculate Effective Cost of Donation
Effective Cost of Donation
3550 = $3,550
Calculate Federal Tax Savings
Federal Tax Savings
1200 = $1,200
Calculate State Tax Savings
State Tax Savings
250 = $250