Objective
The primary objective of the Calculator is to illustrate the charitable giving tax deduction and how it can affect individual’s tax savings for the 2025 tax year. The calculator gathers information about your current tax situation and expected charitable giving to roughly estimate your tax savings as an individual filer. The projections or other information generated by the calculator are hypothetical in nature and are not guarantees of future results. Results may vary with each use and over time and should not be taken as a statement of fact. You can locate the 2025 Calculator here. By using the calculator, you represent that you have read and understand the following:- Information provided by the calculator is general and educational in nature. It is not intended to be, and should not be construed as, legal or tax advice. Endaoment does not provide legal or tax advice. You should consult an attorney or tax advisor regarding your specific legal or tax situation.
- You should not use the calculator as the sole or primary basis for charitable giving or tax planning decisions. You should consult an attorney or tax advisor regarding your specific legal or tax situation.
- You may reject or accept the calculator’s results as you see fit.
- As with any tool, software problems can occur such that the Calculator may not operate or deliver the results as intended and we cannot be responsible for errors in functionality.
- All calculations assume that donated assets have been held for at least 1 year, as the tax treatment for donated assets held less than 1 year are less favorable to donors.
- You understand that your deduction for charitable contributions generally can’t be more than 60% of your adjusted gross income (AGI), but in some cases 20%, 30% (specifically for non-cash assets), or 50% limits may apply. In some cases, bunching donations may result in a charitable deduction that exceeds the IRS adjusted gross income limitations. A portion of your donation may have to be carried forward for up to five years and used on a later tax return. In other situations, your charitable donation, whether or not you engage in a bunching strategy, may exceed IRS adjusted gross income limitations. For more information, read IRS Publication 526 Charitable Contributions.