Get your taxes done using TurboTax

....and...depending on what you are looking at....if you are looking at the table of cash values, remember that the cash donation is a potential "deduction" from income...and not a credit towards taxes paid. 

 

The "Estimated Savings" column is the potential reduction in taxes, based upon your estimated income level, and expected Marginal tax bracket.   The columns do not distinguish between the Cares Act allowance for a max $300 cash income reduction for people who will use the Std Deduction on their 2020 taxes, vs. the total of all charity amounts if a person happens to be able to fully use all donations as Itemized Deductions. 

 

 IF the numbers in this column seem "off", you need to go up to the "Personal Info" menu selection and select your proper filing "status" and expected income range for the year, so that the expected tax bracket can be applied to the "Estimated Savings" column.

 

(IF you change your income range while showing the table below, you have to exit the table, and then come back into that table before the new expected savings values will show up)

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CashTable.png

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*