ANSWERS: 1
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The amount that you get back from a charitable donation depends on your tax bracket. For example, if you fall in the 28 percent tax bracket and you make a $100 donation, your taxes would decrease by $28. To deduct donations you must itemize, which means forgoing the standard deduction.
Source:
Tax Deductions: Above-the-Line, Standard, Itemized and Miscellaneous
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