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Calcimator

Charitable Tax Deduction Calculator

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

Inputs

Results

Total Tax Savings

$1,450

Effective Cost of Donation

$3,550

Federal Tax Savings$1,200
State Tax Savings$250
Percent Saved29%
Effective Cost Ratio71%
Bunched (2yr) Savings$2,400
Above The Line Benefit0
How to Use This Calculator
  1. Enter Donation Amount ($), Federal Tax Bracket (%), and Itemizing Deductions (1=Yes, 0=No).
  2. Set State Tax Rate (%).
  3. Review Total Tax Savings ($) and Effective Cost of Donation ($).
  4. Use Federal Tax Savings ($) and State Tax Savings ($) to inform your decision.
  5. Use the chart to visualize the results and explore different scenarios by adjusting inputs.
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