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Eaton Vance Parametric Charitable Tax Benefit Calculator

The federal, and some state and local, income tax laws in the U.S. offer significant financial incentives for taxpayers to donate cash or other property to qualified charities. These incentives take the form of income tax deductions or credits for charitable gifts and the non-recognition of gain on charitable donations of appreciated property.

If you are an individual taxpayer residing in one of the 50 states or the District of Columbia, this calculator can help you quantify the tax benefits of contributing to a qualified public charity. You may be surprised to learn how generous the benefits of being charitable can be.

This Calculator is intended for informational purposes only. Potential Donors should consult their tax advisors regarding their own unique circumstances.

To start, let’s calculate the potential reduction in your income taxes (federal, state and local, as apply) if you make a new cash contribution to a qualified public charity. As described below, you may realize additional tax savings if you fund your charitable giving by donating appreciated securities you wish to dispose of.