Why does ItsDeductible.com shows an estimated savings of $4,050, yet I only got $600 of savings on my tax return?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Why does ItsDeductible.com shows an estimated savings of $4,050, yet I only got $600 of savings on my tax return?

The estimate is an average. It depends on your actual tax bracket along with how much more of an itemized deduction the charitable contributions give you as to how much of an impact they will have on your return.

View solution in original post

1 Reply

Why does ItsDeductible.com shows an estimated savings of $4,050, yet I only got $600 of savings on my tax return?

The estimate is an average. It depends on your actual tax bracket along with how much more of an itemized deduction the charitable contributions give you as to how much of an impact they will have on your return.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post