Charitable Donation Tax Deduction Calculator
Estimate allowable cash and noncash charitable deductions and illustrative tax savings from AGI, donation amounts, and editable percentage limits.
Result
Estimate
Tax-year basis
How to interpret this result
Applicability and limits
Calculation basis
Formula
Calculation logicFormula definitions and substituted values.
Cash Limit Amount
Adjusted gross income (AGI) ($) * Cash contribution limit (% of AGI) / 100
Adjusted gross income (AGI) ($) * Cash contribution limit (% of AGI) / 100Noncash Limit Amount
Adjusted gross income (AGI) ($) * Noncash contribution limit (% of AGI) / 100
Adjusted gross income (AGI) ($) * Noncash contribution limit (% of AGI) / 100Allowable cash deduction
min(Cash donations ($), Cash Limit Amount)
min(Cash donations ($), Cash Limit Amount)Allowable noncash deduction
min(Noncash donations at fair-market value ($), Noncash Limit Amount)
min(Noncash donations at fair-market value ($), Noncash Limit Amount)Total gifts entered
Cash donations ($) + Noncash donations at fair-market value ($)
Cash donations ($) + Noncash donations at fair-market value ($)Estimated charitable deduction
Allowable cash deduction + Allowable noncash deduction
Allowable cash deduction + Allowable noncash deductionEstimated tax savings
Estimated charitable deduction * Marginal tax rate assumption (%) / 100
Estimated charitable deduction * Marginal tax rate assumption (%) / 100Tax-year basis
The selected tax year identifies the AGI and contribution-limit assumptions. Percentage limits remain editable and must be verified for the gift facts.
The selected tax year identifies the AGI and contribution-limit assumptions. Percentage limits remain editable and must be verified for the gift facts.How to interpret this result
Cash and noncash gifts are limited separately using the entered AGI percentages. The total estimated deduction is the sum of the two allowable amounts; estimated tax savings multiply that deduction by the entered marginal rate.
Cash and noncash gifts are limited separately using the entered AGI percentages. The total estimated deduction is the sum of the two allowable amounts; estimated tax savings multiply that deduction by the entered marginal rate.Applicability and limits
This is an itemized-deduction planning estimate. It assumes the gifts are otherwise eligible and does not determine qualified-recipient status, substantiation, appraisal requirements, property basis, AGI definitions, carryovers, itemization choice, or special temporary limits.
This is an itemized-deduction planning estimate. It assumes the gifts are otherwise eligible and does not determine qualified-recipient status, substantiation, appraisal requirements, property basis, AGI definitions, carryovers, itemization choice, or special temporary limits.Calculation basis
Cash limit amount = AGI × cash limit percentage. Noncash limit amount = AGI × noncash limit percentage. Allowable cash/noncash deduction = min(gift amount, corresponding limit). Total deduction = allowable cash + allowable noncash. Estimated savings = total deduction × marginal tax rate.
Cash limit amount = AGI × cash limit percentage. Noncash limit amount = AGI × noncash limit percentage. Allowable cash/noncash deduction = min(gift amount, corresponding limit). Total deduction = allowable cash + allowable noncash. Estimated savings = total deduction × marginal tax rate.What to check
- A taxpayer enters income, expenses, contribution, eligibility, and limit assumptions to estimate a credit or deduction before filing.
- Use it when comparing a potential credit or deduction with the supplied tax-year facts.
- This is an itemized-deduction planning estimate. It assumes the gifts are otherwise eligible and does not determine qualified-recipient status, substantiation, appraisal requirements, property basis, AGI definitions, carryovers, itemization choice, or special temporary limits.
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