Capital Campaign: Tax Benefits

Jun 25, 2018

3-year pledge

A married Colorado resident with an adjusted gross income of $110,000 and filing jointly makes a three-year pledge totaling $5,000 over 42 months (July 2018-December 2021).

Gift Amount:                                                  $5,000

Federal Tax Deduction (22%):                        -$1,210.00

State Tax Deduction (4.63%):                         -$231.50

Enterprise Zone Tax Credit (25%):                -$1,250.00

After-Tax Cost:                                              $2,308.50

Monthly total out-of-pocket amount:              $54.76