4 ms·
it's going to depend on your tax bracket, but deductions just lower the amount you are taxed on (assuming you itemize, if you just take the standard deduction t
by tingletech 10y ago
it's going to depend on your tax bracket, but deductions just lower the amount you are taxed on (assuming you itemize, if you just take the standard deduction they don't help at all). If your tax rate were 25% and you itemize, then a $100 donation should knock about 25 off your bill if I understand correctly.