Tax Benefits for Australian Donors

The tax benefits you receive from charitable donations in Australia depend on your income and the tax rate applicable to that income. Saraswati.care, our charity, holds a Deductible Gift Recipient (DGR) status, and this means that any donation you make over $2 can be deducted from your assessable income, thereby reducing your overall tax liability.

Gross Income (AUD)
Marginal Tax Rate
Donation (AUD)
Tax Savings (AUD)
Cost of Donation (AUD)
$18,201 – $45,000
19%
$100
$19
$81
$45,001 – $120,000
32.5%
$100
$32.50
$67.50
$120,001 – $180,000
37%
$100
$37
$63
$180,001 and over
45%
$100
$45
$55

Please note that these calculations assume that the donor is an Australian resident for tax purposes and the donation amount is $100. The actual tax savings may vary depending on your specific circumstances. We recommend consulting your tax accountant for further advice.

 Your generous donations to Saraswati.Care not only support our cause but also provide you with a tangible financial benefit. Together, we can make a difference!

The above information was provided by https://rjconsultants.com.au/

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