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That depends on the tax rate you pay taxes at. Charitable donations reduce your taxible income. If you donate $100 and your tax rate is 28% then you will get $28 dollars of your $100 donation back if you receive a refund or if you owe, you will have to pay $28 less on your federal return.

There may also be special benefits at the state level for contributing to specific causes. For example, in Michigan you can give up to $400 each to a community foundation, homeless shelter, or college in Michigan and receive 50% of it back as a tax credit plus the benefit you would have received on your federal taxes.

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17y ago

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