Hi Guys,
I need to know how much extra I will carry in my repayment if (I make $70,000/year) I donate $1000 to chariies thought out the entire year. CNN Money say it something like $270. Is this true? 27% seem kind of lofty. Does anyone know for sure how to calculate that?
Thank you
Answers: It is more similar to only $150.00
It depends on your marginal toll rate. If you are in the 25% charge bracket, then it is 25%. If you are surrounded by the 15% tax bracket, it is 15%.
If you don't itemize your deduction, then it is nothing.
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I need to know how much extra I will carry in my repayment if (I make $70,000/year) I donate $1000 to chariies thought out the entire year. CNN Money say it something like $270. Is this true? 27% seem kind of lofty. Does anyone know for sure how to calculate that?
Thank you
If my dune reason is not backed up within paypal, can I still verbs money into it?
Answers: It is more similar to only $150.00
It depends on your marginal toll rate. If you are in the 25% charge bracket, then it is 25%. If you are surrounded by the 15% tax bracket, it is 15%.
If you don't itemize your deduction, then it is nothing.
Resolved Questions: