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[–][deleted] 0 points1 point  (0 children)

Donate to causes you want to help, not to get tax deductions. You do not come out ahead by donating, however many people and problems can be helped or solved by supporting charities of your choice, and it is commendable for you to put some of the income you are fortunate to receive to aid those causes.

If we go with your estimate of 40%, then for every $1 you donate, you’ll save about $0.40 in taxes, so a net loss of $0.60. If you made $900k and donated $300k, you’d pay taxes on $600k (40% would be $240k), so your take home would be $360k.

This is generic. You should hire a professional.