How much tax will I get back for my donation?
The amount of a tax deduction a donor will receive for a donation to a DGR, like the Australian Sports Foundation, depends on the income tax bracket they’re in.
The ATO website is always a good reference tool:
- Personal donations: https://www.ato.gov.au/Rates/Individual-income-tax-rates/
- Business donations: https://www.ato.gov.au/Rates/Company-tax/
Some charities have a calculator that will work it out for you (e.g. https://www.care.org.au/appeals/tax-calculator/) however we can’t guarantee the accuracy of this.