Try our demo
About us
Help Center
Open a Giving Account
Log in
Fidelity Charitable
Open a Giving Account
Log in
For companies
For advisors
For nonprofits
About us
Help Center

Charitable Giving Tax Savings Calculator

Is “bunching” right for you?

Start the calculations again

Based on your answers, your charitable deductions could help you save approximately in taxes this year.

What does this mean?

Charitable contributions typically provide the greatest tax benefit if you choose to itemize your taxes. Generally you'd itemize when the combined total of your anticipated deductions—including charitable gifts—is more than the standard deduction of .

Consider the “bunching” strategy

A larger donation to chartiy this year could help you surpass the standard deduction. You may want to consult your tax advisor about donating three years' worth of your annual charitable contributions which could potentially reduce your tax liability by approximately over three years based on your tax rate of !

Donate 2 years of annual giving

Charitable donation

Total tax deductions1

Tax savings3

Donate 3 years of annual giving

Charitable donation

Total tax deductions2

Tax savings3

Learn more about these calculations

1Calculated by adding two years’ worth of your anticipated annual charitable donations to the amount you entered for all other itemized federal tax deductions. 2Calculated by adding three years’ worth of your anticipated annual charitable donations to the amount you entered for all other itemized federal tax deductions. 3To calculate tax savings: When total itemized tax deductions exceed your standard deduction, multiply the excess by your tax rate. This calculator is for information purposes only and is not tax advice. Prospective donors should consult their tax advisors with respect to the U.S. federal and state tax implications of a potential donation as well as the application of U.S. federal and state tax laws to their particular situation. This calculator does not take into account all considerations that could be relevant to a donor’s particular situation, including potential limitations on the charitable contribution deduction as well as alternative minimum tax, state and local tax and estate and gift tax considerations.
watch video

One strategy you might consider is called “bunching,” when you surpass the itemization threshold by bundling together your tax deductions into a single year, and then take the standard deduction in interim years.

Watch how bunching works (02:30)

What's Next?

Open a Giving Account

Consider opening a donor-advised fund at Fidelity Charitable. A donor-advised fund, sponsored by a public charity, can help you maintain your annual support of the charities you care about, while taking advantage of the tax-savvy bunching strategy.

Learn more about the Giving Account

Optimize your charitable giving for maximum tax savings

Understanding tax strategies related to charitable giving can help you decide how much to give, what assets to give and when to give. Smarter giving lets you potentially give more and to the causes you care about while minimizing your overall tax liability.

Learn more about charitable tax savings