US Tax Calculations: What is the optimal Charitable Deduction - to donate more to Charity rather than taxes?

Tax Calculations: What is the optimal Charitable Deduction - to donate more to Charity rather than taxes?

I created a Excel sheet with some numbers - but there may be mistakes.

I need you to fix this Excel sheet - to show me the answer to these 2 questions:

1. What is the LOWEST amount to pay - in Charitable deductions + Taxes combined, but -

2. Instead of paying Taxes, pay instead in Charitable contributions.

That means, I want to pay as much Charity as possible instead of Taxes - and at the same time, pay the LEAST (Taxes + Charity).

Tools you can use:

Paycheck 2020 calculator: [login to view URL]

Tax 2020 calculator: [login to view URL]

NOTE: Tax calculated per New York City.

Навыки: Бухгалтерия, Excel, Финансы, Налог, Tax Accounting

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