Back to Itemized Deductions for Mortgage Interest and Charitable Donations (June 2023)
Model Estimate T23-0068 - Tax Benefit of the Deduction for Charitable Contributions under Current Law with an Increase in Standard Deduction by ECI Level, 2024 t23-0068.xls
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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 level, in 2024.
Model Estimates Type Distribution Tables by Income Level
Primary topic Campaigns, Proposals, and Reforms
Topics Current legislative proposals Charitable giving Income tax (individual) Tax expenditures (individual)
Model Estimates from the same Simulation Run June 12, 2023
Model Estimate
T23-0067 - Tax Benefit of the Deduction for Mortgage Interest under Current Law with an Increase in Standard Deduction, by ECI Percentile, 2024
Model Estimate
T23-0069 - Tax Benefit of the Deduction for Charitable Contributions under Current Law with an Increase in Standard Deduction, by ECI Percentile, 2024
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