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T23-0069 - Tax Benefit of the Deduction for Charitable Contributions under Current Law with an Increase in Standard Deduction, by ECI Percentile, 2024

Table shows the tax benefit of the itemized deduction for charitable contributions under current law plus the increase in the standard deduction proposed by the Tax Cuts for Working Families Act ($2,000/$3,000/$4,000 for single, head of household, and married filing jointly and phased out at higher income levels), by expanded cash income percentile, in 2024.

June 12, 2023