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06.05.08, 19:21 PM TTC
2 replies
what % can you write off from your income for charity donations? i'm trying to figure out, for a friend, what her tax benefit would be for a $500 donation. It doesn't have to be exact. TIA! [ Reply | Watch | Flag ]
TTC 06.05.08, 07:21 PM Flag
 

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It will depend on her income, her tax rate and if she's itemizing deductions at all. [ Reply | More ]
General Topics 06.05.08, 07:25 PM Flag
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its whatever tax bracket she is in. if she is in the 28% bracket, she saves 28% of the 500. [ Reply | More ]
General Topics 06.05.08, 07:26 PM Flag
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