TouchUp, Inc. is a 501(c)(3) charity. Your donation will result in a tax deduction. Please see the chart below to understand what that means.
A $10,000 tax deduction…
Your AGI
$100,000
Less: tax deduction
($10,000)
Taxable income
$90,000
Tax rate*
25%
Calculated tax
$22,500
Less: tax credit
Less: tax credit ?
Your tax bill
$22,500 less tax credits
A receipt will be generated for your donation. Thank you for your support!
TouchUp, Inc. is a 501(c)(3) charity. Your donation will result in a tax deduction. Please see the chart below to understand what that means.
A $10,000 tax deduction… |
||
Your AGI |
$100,000 |
|
Less: tax deduction |
($10,000) |
|
Taxable income |
$90,000 |
|
Tax rate* |
25% |
|
Calculated tax |
$22,500 |
|
Less: tax credit |
Less: tax credit ? |
|
Your tax bill |
$22,500 less tax credits |
|