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Confirmed in Compliance with National Standards for U.S. Community Foundations

 

Tax Credit Calculator

This tax calculator will give you an ESTIMATE of your deductions for charitable contributions. Please consult your personal financial advisior as to specific tax implications of your charitable giving.

Single

Married

Business
Income Up To: Rates
Income Up To: Rates
Income Up To: Rates
7,000 10%
14,000 10%
50,000 15%
28,400 15%
56,800 15%
75,000 25%
68,800 25%
114,650 25%
100,000 34%
143,500 28%
174,700 28%
335,000 39%
311,950 33%
311,950 33%
10,000,000 34%
Over 35%
Over 35%

Filing Status
Select your filing status from the drop-down list
Do you itemize deductions?
If you do not itemize deductions, your charitable contribution can not be deducted for federal income tax purposes. However, you will still benefit from the 50% Michigan Community Foundation tax credit.
Gift Amount
Enter the amount of your charitable gift. The Michigan Tax Credit provides a 50% maximum tax benefit based on a gift.
Your marginal federal tax rate
See Federal Tax Table (above).
Estimate your annual Michigan Business Tax liability
Complete this only if you chose Business for question 1.