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I:3-58 Assume that it is december 31, and that jake is considering mkaing a $1000 charitable contribution. Jake currently is in the 39.6% tax bracket, but expects that his tax bracket will be 28% next year. How much more will the deduction for the contribution be worth if it is made today compared to next year? (Ignore any phase-outs of itemized deductions) Prentice Hall\'s Federal Taxation 2015 textbook, I:3-58 Solution Solution. The jake is in 39.6% tax bracket so due to this he can save theire regular tax @39.6% due to charitable contribution. But whe he came under 28% Tax bracket he can only save 28% of theire regular tax bracket. Therefore he can contribution be worth if it is made today compared to next year is 11.6% more. .

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- I:3-58 Assume that it is december 31, and that jake is considering mkaing a $1000 charitable contribution. Jake currently is in the 39.6% tax bracket, but expects that his tax bracket will be 28% next year. How much more will the deduction for the contribution be worth if it is made today compared to next year? (Ignore any phase-outs of itemized deductions) Prentice Hall's Federal Taxation 2015 textbook, I:3-58 Solution Solution. The jake is in 39.6% tax bracket so due to this he can save theire regular tax @39.6% due to charitable contribution. But whe he came under 28% Tax bracket he can only save 28% of theire regular tax bracket. Therefore he can contribution be worth if it is made today compared to next year is 11.6% more.

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