You wish to make a charitable contribution of $2,000 to a qualified organization- You are currently in the 28 percent marginal tax bracket- By how much would this contribution lower your tax bill assuming your other itemized deductions exceed the standard deduction?

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The basic methods of tax planning are: reducing your overall income, increasing your number of tax deductions throughout the year, and taking advantage of certain tax credits.
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You wish to make a charitable contribution of $2,000 to a qualified organization- You are currently in the 28 percent marginal tax bracket- By how much would this contribution lower your tax bill assuming your other itemized deductions exceed the standard deduction?






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