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I suspect you mean dedcution: Depends on many things. First contribution deductions are limited to 50% of your income...so you would have to have 2M of income to use it in one year. Then it is like any other dedcution and lowers your tax, at whatever rate you may be paying...after all the blending and such. I don't believe it can help offset capital gains tax, which a lot of people in higher income brackets have a lot of. There are alos a number of other restrictions and considerations.

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Q: How much could see as a tax debate if you donate a million dollars?
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