That’s not how tax deductions work because a tax deduction doesn’t give you the full amount of your donation back it only reduces your taxable income, not your

That’s not how tax deductions work because a tax deduction doesn’t give you the full amount of your donation back it only reduces your taxable income, not your tax bill dollar-for-dollar. Example: You earn $100,000. You donate $10,000 to a qualifying charity. You can now deduct that $10,000, i.e. you’ll be taxed as if you earned $90,000, not $100,000. If your marginal tax rate is 30%, you’ll save 30% of $10,000 = $3,000 in taxes. So you’re still out $7,000 in real money.