Can I donate appliances?
How do I decide the value of clothing I am donating?
How do I go about donating a building to tax exempt church?
What do you need to show proof of a non profit for tax purposes?
What is good language for an invitation where I want people to make a donation in lieu of gifts?
What is the process of donating eggs?
Where do you go to donate coupons?
how much money taxes
Question by Andrew195 (33)
Answer by Chaneygirl (1755)
It depends on your tax bracket and if you are able to itemize or not. If you are able to itemize and in the 15% bracket,. 15 on the dollar.
Answer by tamarawilhite (17883)
You get to reduce your taxable income by the amount donated. This means that if you make 10,000 dollars in donations, and your tax rate is 35%, your taxes are reduced by 3,500.
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